Property value increases in Pialba have tracked higher than the QLD average of 12.16% over the last 12 months.
The five-year average increase in median property values for Pialba,4655 has given property investors a potential capital gain of 37.76% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pialba, 4655. Typically our figures indicate that -4.28% is being offered, which puts this QLD suburb at 1274th most discounted overall in Australia.
If you compare the increase in value of investment property in Pialba, 4655 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 11.70%.
When looking at the potential capital gains offered to property investors over the last 3 years, Pialba comes in at number 150th in QLD.
Property investors looking for a bargain in Pialba should be aiming for at least -3.88% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
Information supplied by:
High returns and low expense
Median unit price: $240,000
Three-year growth: 0.0%
Rental yield: 6.3%
The suburb of Pialba is regarded as the CBD of the Hervey Bay region, with many amenities are within easy reach.
There are shops and restaurants in the vicinity, along with medical centres and clubs. It is also situated near the beach, and residents enjoy the best of both worlds. The low levels of traffic are great for those who struggle with the stresses of city living. The Hervey Bay Library, which first opened in 1997, was given an upgrade in 2014 to modernise the venue; nonetheless, this is a suburb that knows how to appreciate history, with the Pialba Memorial Cenotaph being one of Australia’s heritage-listed sites.
Pialba units offer excellent yields at an average of 6.3% as of February 2019. It’s also an very affordable market, with apartment values coming in at a median of under $250,000.