Cannonvale is in the bottom 40% in QLD when comparing median price capital growth over the last year. Cannonvale gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
While Cannonvale,4802 ranked number 495th in QLD for increase in median house value (annualised) increase, it is ranked 631th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cannonvale, 4802. Typically our figures indicate that -6.59% is being offered, which puts this QLD suburb at 1184th most discounted overall in Australia.
Often selling an investment property can take time, and in Cannonvale the average time real estate has been on the market is 90.71 days.
A $425 per week rent on the median house gives suburb investors a gross yield of circa 5.14%, without taking into account capital value appreciation, which has been averaging out at -0.95%.
With a capital gain of -12.92% for the last 12 months, Cannonvale, 4802 has performed for property investments than its average annual -4.31% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Cannonvale comes in at number 341th in QLD.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Cannonvale itself are offering an average vendor discount of -6.84% to real estate investors.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.