QLD has seen average median house prices change by 12.16% which means that Emerald, 4720 has done well for property investors by showing a capital gain of -4.64% over the last year
While Emerald,4720 ranked number 1001th in QLD for increase in median house value (annualised) increase, it is ranked 233th over the last 5 years.
Emerald4720 is located in QLD which offers an average discount of -4.90% to property investors. Emerald itself is showing figures that indicate -6.25% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Emerald being $329000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.85%
If you compare the increase in value of investment property in Emerald, 4720 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.47%.
The five-year average increase in median property values for Emerald,4720 has given property investors a potential capital gain of -18.21% across each of those five years.
The most recent median price for Emerald is $159500, with sellers offering an average of -7.87% off the asking price.
Property investors should expect to get $260 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.