If you compare the increase in value of investment property in Emerald, 4720 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.60%.
Comparing Emerald,4720 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Emerald itself are offering an average vendor discount of -6.81% to real estate investors.
On average over the past year, suburb has had 23.75 sales per month, which equates to 285 per year.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 5.67%, without taking into account capital value appreciation, which has been averaging out at -0.36%.
Property investors who have had real estate in Emerald, 4720 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.90%
Comparing Emerald,4720 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Emerald is $164750, with sellers offering an average of -8.86% off the asking price.
Property investors should expect to get $255 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.