At number 9th in the list of Australian suburbs ordered by increase in median house value over the last year, Dysart, 4745 is in the top 10% with a property value increase of 44.53% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Dysart comes in at number 7th in QLD.
LACK OF BUYER INTEREST may well be the reason that Dysart is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Property investors should expect to get $200 weekly from the median priced house in this suburb.
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Dysart’s main drawcard is its spectacular rental market. The town was established in 1973 to service the local mines, and it hasn’t looked back since.
“As a mining community, the Dysart real estate market is heavily geared towards rental accommodation which has placed incredible pressure on rents,” explains PRDnationwide’s Josh Brown. “Accordingly, Dysart is a market which is purely suited to investors who chasing high yields.”
Contributing to Dysart's strong yields are its strikingly low rental vacancy rate, an average weekly family income that was more than double the state average at last count ($2312 vs $1123) and a rental market that’s expected by SQM Research to make up 75% of the population by 2016. All in all, the Dysart rental market’s looking extremely strong.
Listings show a good selection of three-bedroom-plus houses, both high- and low-set, on blocks of over 800m2. Tenants are often already in place but, given Dysart’s super tight rental market, filling a vacant property won’t be an issue.
Dysart is a bit on the remote front, with Mackay and Rockhampton being around a three- and four-hour drive away respectively, but its amenities serve the local mining families just fine. The town has a handful of eating establishments, a supermarket, a couple of pubs, and a primary and secondary school. It’s also home to the Big Belly Dump Truck and Railway Coal Wagon Monument.