With a capital gain of 39.02% for the last 12 months, Dysart, 4745 has performed for property investments than its average annual -2.83% property growth over the last 5 years.
Dysart,4745 has offered an average of 39.02% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Dysart is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in QLD
A $280 per week rent on the median house gives suburb investors a gross yield of circa 10.22%, without taking into account capital value appreciation, which has been averaging out at -2.83%.
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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.