Property investors who have had real estate in Lammermoor, 4703 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.01%
The five-year average increase in median property values for Lammermoor,4703 has given property investors a potential capital gain of 2.33% across each of those five years.
The most recent median price for Lammermoor is $440000, with sellers offering an average of -4.53% off the asking price.
Advertised rents are around the $440 mark per week – giving a return of 5.20% based on the median price in Suburb
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lammermoor has fallen somewhat when compared to the 5 year average annual rate.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.36%, investors should hope to achieve an overall return of 5.37%