With a capital gain of 8.39% for the last 12 months, Emerald, 4720 has performed for property investments than its average annual -0.33% property growth over the last 5 years.
Across a shorter period, Emerald, 4720 has seen a median price increase of 3.47% over the last quarter.
Our latest figures would indicate that property sellers in Emerald are currently offering property investors an average price cut of -7.34% below the asking price at the moment.
With the median price for a house in Emerald being $342500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.62%
Emerald is in the bottom 10% in QLD when comparing median price capital growth over the last year. Emerald gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.96%.
Emerald,4720 has offered an average of -18.96% return per annum in house price rises to property investors over the last three years.
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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.