Svensson Heights has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.15% to date .
The five-year average increase in median property values for Svensson Heights,4670 has given property investors a potential capital gain of -5.77% across each of those five years.
Sellers are offering property buyers an average discount of -7.48% to buyers in Svensson Heights at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of -0.60%, investors should hope to achieve an overall return of 6.58%
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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.