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 8.06%
While Emerald,4720 ranked number 96th in QLD for increase in median house value (annualised) increase, it is ranked 700th over the last 5 years.
Sellers are offering property buyers an average discount of -8.52% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
In the last year 179 properties changed hands in Emerald, which puts it as the 59th most active market in QLD when comparing the number of sales per suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at -0.33%.
Property value increases in Emerald have tracked close to the QLD average of -1.29% over the last 12 months.
Taking the average capital gain, or increase in median house value, Emerald,4720 has racked up an average of -2.50% over the period. This ranks it number 1423th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Emerald, 4720. Typically our figures indicate that -9.43% is being offered, which puts this QLD suburb at 78th most discounted overall in Australia.
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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.