Investment property in Dysart has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.53%
Dysart,4745 was ranked 2442 in Australia by increase in median property value over the quarter.
The most recent median price for Dysart is $105000, with sellers offering an average of -14.23% off the asking price.
Often selling an investment property can take time, and in Dysart the average time real estate has been on the market is 108.321 days.
Dysart is 5th on a list of best yielding suburbs for rents in QLD with a 11.89% return
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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.