At number 2404th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen, 4805 is in the BOTTOM 50% with a property value increase of -0.47% recorded in median house prices.
Bowen,4805 was ranked 1073 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -11.54% to buyers in Bowen at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 10.08 sales per month, which equates to 121 per year.
Bowen has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.64% to date .
Taking the average capital gain, or increase in median house value, Bowen,4805 has racked up an average of -1.64% over the period. This ranks it number 370th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.65%, investors should hope to achieve an overall return of 6.47%