Over the last year, property investments in Clermont, 4721 have given investors a capital gain of 15.79%. This compares very favourably with the 0.78% for QLD as a whole.
Across a shorter period, Clermont, 4721 has seen a median price increase of -3.93% over the last quarter.
Our latest figures would indicate that property sellers in Clermont are currently offering property investors an average price cut of -11.83% below the asking price at the moment.
Clermont, 4721’s gross rental yield is 6.85%
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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.