With a capital gain of 9.92% for the last 12 months, Emerald, 4720 has performed for property investments than its average annual -0.26% property growth over the last 5 years.
Emerald,4720 has offered an average of 9.92% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Emerald 4720 should be seeing an average reduction in asking price of around -8.11% . This means that Emerald is holding prices well when compared to other suburbs in QLD.
In the last year 180 properties changed hands in Emerald, which puts it as the 56th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 5.47% based on the median price in Suburb
Emerald, 4720 ranked 8th 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
Our latest figures would indicate that property sellers in Emerald are currently offering property investors an average price cut of -10.86% below the asking price at the moment.
Often selling an investment property can take time, and in Emerald the average time real estate has been on the market is 92.1429 days.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of -2.82%, investors should hope to achieve an overall return of 7.03%
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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.