Cannonvale has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.23% to date .
Over the longer term, Cannonvale has seen property prices show investors a 0.94% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Cannonvale itself are offering an average vendor discount of -7.19% to real estate investors.
Residents and property investors in Cannonvale have been waiting around 106.052 days to sell a property.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of -1.07%, investors should hope to achieve an overall return of 5.58%
If you compare the increase in value of investment property in Cannonvale, 4802 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.27%.
Cannonvale,4802 was ranked 608 in Australia by increase in median property value over the quarter.
Vendor discounting in Cannonvale is giving property investors an average Vendor Discount of around -8.65%. This puts suburb at number 28th in QLD when ranking the most discounted suburbs.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 7.84%, without taking into account capital value appreciation, which has been averaging out at -2.28%.