Dysart is in the TOP 10% in QLD when comparing median price capital growth over the last year. Dysart gave property investors a very good capital gain figure when compared to the rest of the state, with 28.57%.
Dysart,4745 was ranked 67 in Australia by increase in median property value over the quarter.
At number 76th of QLD’s most discounted properties, Dysart is in the bottom 20% of the state/territory when listing in order of most discounted to least.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 10.40%, without taking into account capital value appreciation, which has been averaging out at 8.58%.
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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.