Giving property investors a an average capital gain of 15.68% for the last year, Emerald, 4720 is the 2191th highest performer in Australia in this respect.
Emerald,4720 has offered an average of 15.68% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.67% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
In the last year 372 properties changed hands in Emerald, which puts it as the 32th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $860 weekly from the median priced house in this suburb.
Investment property in Emerald has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.63%
Over the longer term, Emerald has seen property prices show investors a 43.37% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of 0.00% to buyers in Emerald at the moment, which is less than average for the rest of QLD.
Emerald, 4720’s gross rental yield is 4.13%
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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.