Property investors who have had real estate in Emerald, 4720 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.25%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Emerald has increased when compared to the 5 year average annual rate.
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 -6.71% is being offered, which puts this QLD suburb at 323th most discounted overall in Australia.
At number 2788 in a list of fastest selling suburbs, Emerald is in the bottom 30% of suburbs in Australia with an average of days on market 96.3022 for properties listed there.
With the median price for a house in Emerald being $340000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.66%
With a capital gain of -7.36% for the last 12 months, Emerald, 4720 has performed for property investments than its average annual -3.60% property growth over the last 5 years.
Over the longer term, Emerald has seen property prices show investors a 21.56% return over the last 3 years. This is worse than over the last 12 months
With the median price for a house in Emerald being $170000 and the advertised rent reaching $262.5 the gross rental yield for property investors calculates out to be 8.03%
Information supplied by:
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.