Investment property in Svensson Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.67%
If we look at median property appreciation over just the last three months, Svensson Heights has given property investors a paper return of 5.09%. This puts Suburb as 344 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Svensson Heights 4670 should be seeing an average reduction in asking price of around -2.78% . This means that Svensson Heights is holding prices well when compared to other suburbs in QLD.
While Svensson Heights,4670 ranked number 376th in QLD for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.
In the last year 11 properties changed hands in Svensson Heights, which puts it as the 398th most active market in QLD when comparing the number of sales per suburb.
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Low growth but strong yield
Median house price: $240,000
Three-year growth: -6.2%
Rental yield: 6.3%
A suburb of the Bundaberg Region, Svensson Heights provides houses at economical rates, with the median price being less than $250,000.
Investors should not be expecting strong growth from this suburb, however, as Svensson Heights has been reporting value decreases for quite some time. While prices have not fallen dramatically thus far, there is reason to hedge. Nonetheless, those seeking high returns can certainly reap them, as the average yield is at a remarkable 6.3%.
Svensson Heights is about 10 minutes from the Bundaberg CBD. With this city serving as a popular gateway to tourist destinations like national parks, the Great Barrier Reef and resort islands, this means Svensson Heights residents have easy access to a thriving food scene borne of a strong agriculture industry. They are also close to beaches, the city zoo and the airport.