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 11.07%
The five-year average increase in median property values for Emerald,4720 has given property investors a potential capital gain of -20.26% across each of those five years.
Sellers are offering property buyers an average discount of -6.91% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 16.08 sales per month, which equates to 193 per year.
Emerald, 4720’s gross rental yield is 5.85%
Emerald, 4720 ranked 305th in QLD when comparing growth in median property values or capital gain over the last 12 months. Emerald is one of 2415 in our list for QLD
Comparing Emerald,4720 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Emerald is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in QLD
At number 858 in a list of fastest selling suburbs, Emerald is in the bottom 40% of suburbs in Australia with an average of days on market 87.75 for properties listed there.
Property investors should expect to get $245 weekly from the median priced house in this 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.