Property investors who have had real estate in Emerald, 4720 should be 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 26.73%
If we look at median property appreciation over just the last three months, Emerald has given property investors a paper return of 0.00%. This puts Suburb as 359 on a list of fastest fasting appreciating suburbs in QLD
Vendor discounting in Emerald is giving property investors an average Vendor Discount of around -6.63%. This puts suburb at number 305th in QLD when ranking the most discounted suburbs.
In the last year 198 properties changed hands in Emerald, which puts it as the 46th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of -0.37%, investors should hope to achieve an overall return of 5.69%
Investment property in Emerald has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -28.16%
When looking at the potential capital gains offered to property investors over the last 3 years, Emerald comes in at number 321th in QLD.
Our latest figures would indicate that property sellers in Emerald are currently offering property investors an average price cut of -10.75% below the asking price at the moment.
In the last year 24 properties changed hands in Emerald, which puts it as the 210th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $240 mark per week – giving a return of 9.14% based on the median price in Suburb
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Buyers flock to safe country town
Median unit price: $145,000
Three-year growth: 31.3%
Rental yield: 8.4%
A rural suburb of central Queensland, Emerald is around 265km west of Rockhampton and is home to around 14,500 people. A traditional country town in every sense of the word, this is the type of neighbourhood where residents can keep their doors unlocked.
Locals enjoy activities such as fishing at Lake Maraboon, visiting the gem fields, enjoying the modern sporting and recreation venues. For families there are several good schooling options, too.
Landlords who are seeking affordable investments may consider this type of market, particularly as almost 45% of local residents are tenants, ensuring a steady stream of potential applicants for your rental home. Flats and apartments comprise just 8% of local dwelling stock, with freestanding houses the more popular style with local families.