Over the last year, property investments in Emerald, 4720 have given investors a capital gain of 24.40%. This compares very favourably with the 2.03% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Emerald,4720 has racked up an average of 24.40% over the period. This ranks it number 1253th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.94% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
Emerald is 144th on a list of best yielding suburbs for rents in QLD with a 5.68% return
At number 1545th in the list of Australian suburbs ordered by increase in median house value over the last year, Emerald, 4720 is in the BOTTOM 10% with a property value increase of -24.55% recorded in median house prices.
Emerald,4720 was ranked 1442 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -12.30% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $240 mark per week – giving a return of 8.82% based on the median price in Suburb
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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.