Over the last year, property investments in Thabeban, 4670 have given investors a capital gain of 18.35%. This compares favourably with the 12.16% for QLD as a whole.
Thabeban,4670 was ranked 2774 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Thabeban is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 682th in terms of most discounted suburbs in QLD
Residents and property investors in Thabeban have been waiting around 49.82 days to sell a property.
Information supplied by:
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.