Giving property investors a a solid capital gain of 10.34% for the last year, Emerald, 4720 is the 463th highest performer in Australia in this respect.
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 345 on a list of fastest fasting appreciating suburbs in QLD
Emerald, 4720 is offering QLD ‘s 251th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.
Residents and property investors in Emerald have been waiting around 79.5634 days to sell a property.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at -0.59%.
Property value increases in Emerald have tracked just higher than the QLD average of -0.57% over the last 12 months.
Taking the average capital gain, or increase in median house value, Emerald,4720 has racked up an average of 1.35% over the period. This ranks it number 1027th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Emerald is $183500, with sellers offering an average of -10.10% off the asking price.
Often selling an investment property can take time, and in Emerald the average time real estate has been on the market is 90.2 days.
Situated 656.01km from the CBD, Emerald is one of Central Highlands (R) (Qld) localities in the postcode 4720.
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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.