If you compare the increase in value of investment property in Thabeban, 4670 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.07%.
When looking at the potential capital gains offered to property investors over the last 3 years, Thabeban comes in at number 660th in QLD.
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 Thabeban, 4670. Typically our figures indicate that -6.26% is being offered, which puts this QLD suburb at 1891th most discounted overall in Australia.
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House market on the mend
Median house price: $270,000
Three-year growth: -0.6%
Rental yield: 5.5%
Thabeban is a suburb in the Bundaberg Region, through which the Bundaberg Ring Road passes westward. This regional suburb contains low priced properties coming in at a median value of under $300,000.
After a shaky few years following the mining decline, Thabeban may be on the road to recovery, as the housing market recorded a boost of 8% in prices over the 12 months to October 2018 – a trend that has continued into the October quarter. Renters can find good homes at an average rent rate of $285 a week, as investors reap remarkable yields at an average of 5.5%.
Residents of Thabeban favour the newer part of town, which is safe and well maintained. The suburb is home to a park, and possesses a strong community vibe. It is also well located, with the Thabeban railway station located on the border of the northern suburbs.