Allenstown is in the TOP 30% in QLD when comparing median price capital growth over the last year. Allenstown gave property investors a good capital gain figure when compared to the rest of the state, with 18.58%.
A 7.20% growth in median value for property investors in Allenstown,4700 puts this suburb at number 342th in terms of best performing suburbs 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 Allenstown, 4700. Typically our figures indicate that -7.41% is being offered, which puts this QLD suburb at 199th most discounted overall in Australia.
Often selling an investment property can take time, and in Allenstown the average time real estate has been on the market is 69.9592 days.
Advertised rents are around the $330 mark per week – giving a return of 6.40% based on the median price in Suburb
Allenstown,4700 was ranked 1680 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
The QLD suburb of Allenstown, 4700 is in the Rockhampton (R) local government area.
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Suburb suffers a negative streak
Median house price: $185,000
Three-year growth: -30.2%
Rental yield: 7.6%
A stone’s throw from the Rockhampton CBD, the small suburb of Allenstown was named for builder William Allen, a builder in the 1860s.
The centre of its commercial hub is the recently refurbished Allenstown Square shopping centre. There are also two primary schools here, namely, Allenstown State School, which was opened all the way back in 1887, and St Peter’s School. The suburb is quite rich in history as well, with a few heritage-listed sites including St Joseph’s Cathedral and South Rockhampton Cemetery.
Allenstown also houses three of Rockhampton’s seven Big Bull statues, which were built to emphasise Rockhampton’s reputation as Australia’s beef capital. However, house values have consistently been dropping since 2014, with the median price slipping below the $200,000 mark. While the rental yield is remarkably high at 7.6%, this could be a difficult market to work with.