Over the last year, property investments in Clermont, 4721 have given investors a capital gain of -11.43%. This compares very badly with the 1.17% for QLD as a whole.
If we look at median property appreciation over just the last three months, Clermont has given property investors a paper return of -1.25%. This puts Suburb as 672 on a list of fastest fasting appreciating suburbs in QLD
At number 43th of QLD’s most discounted properties, Clermont is in the bottom 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
With the median price for a house in Clermont being $197500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 7.64%
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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.