At number 1026th in the list of Australian suburbs ordered by increase in median house value over the last year, Emerald, 4720 is in the top 30% with a property value increase of 6.43% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Emerald comes in at number 21th in QLD.
The most recent median price for Emerald is $331000, with sellers offering an average of -9.41% off the asking price.
On average over the past year, suburb has had 15.17 sales per month, which equates to 182 per year.
Advertised rents are around the $370 mark per week – giving a return of 5.81% based on the median price in Suburb
Emerald has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 39.58% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Emerald has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Emerald should be aiming for at least -8.21% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $260 weekly from the median priced house in this suburb.
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Information supplied by:
January 2019
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Buyers flock to safe country town
Postcode: 4720
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.