Property investors who have had real estate in Cannonvale, 4802 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Across a shorter period, Cannonvale, 4802 has seen a median price increase of -1.04% over the last quarter.
Property buyers and investors in Cannonvale 4802 should be seeing an average reduction in asking price of around -7.02% . This means that Cannonvale is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
Cannonvale has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.65% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cannonvale has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Cannonvale is giving property investors an average Vendor Discount of around -10.34%. This puts suburb at number 6th in QLD when ranking the most discounted suburbs.
Cannonvale is 38th on a list of best yielding suburbs for rents in QLD with a 7.40% return