Clermont is in the TOP 20% in QLD when comparing median price capital growth over the last year. Clermont gave property investors a very good capital gain figure when compared to the rest of the state, with 24.24%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clermont has increased when compared to the 5 year average annual rate.
Information supplied by:
Upswing in volatile suburb
Median house price: $205,000
Three-year growth: -9.9%
Rental yield: 7.6%
The suburb of Clermont in Queensland’s Isaac Region is mainly an agricultural hub, but it also has a reputation for being one of the most historic pockets of northern Australia.
Clermont was the first inland settlement in the tropics, and investigation of the land yielded a gold mine – literally. The vintage charm of old Clermont can still be seen today in the area, and its history is celebrated in the Clermont Historical Centre. Other attractions in the suburb include Hoods Lagoon, The Stump and Theresa Creek Dam.
Clermont is not stuck in the past, though – currently, it flourishes with a shopping centre, sports facilities, a racecourse, a showground, hospital and schools. It also recorded incredible 42.4% growth in the 12 months to February 2019; however, buyers should not get too excited as this market is quite volatile.