QLD has seen average median house prices change by 12.16% which means that Cannonvale, 4802 has done well for property investors by showing a capital gain of 8.91% over the last year
If we look at median property appreciation over just the last three months, Cannonvale has given property investors a paper return of 3.21%. This puts Suburb as 515 on a list of fastest fasting appreciating suburbs in QLD
Vendor discounting in Cannonvale is giving property investors an average Vendor Discount of around -4.46%. This puts suburb at number 395th in QLD when ranking the most discounted suburbs.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 0.71%.
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 increase in value by 4.71%
Taking the average capital gain, or increase in median house value, Cannonvale,4802 has racked up an average of 4.71% over the period. This ranks it number 1080th in the whole country for real estate investors looking at median house price increases.
Cannonvale, 4802 is offering QLD ‘s 18th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of -2.38%, investors should hope to achieve an overall return of 7.71%