At number 3266th in the list of Australian suburbs ordered by increase in median house value over the last year, Emerald, 4720 is in the BOTTOM 30% with a property value increase of 0.00% recorded in median house prices.
Over the longer term, Emerald has seen property prices show investors a 36.69% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.09% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Investment property in Emerald has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.25%
Across a shorter period, Emerald, 4720 has seen a median price increase of 0.00% over the last quarter.
Often selling an investment property can take time, and in Emerald the average time real estate has been on the market is 159.857 days.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of -3.75%, investors should hope to achieve an overall return of 8.26%
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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.