At number 1921th in the list of Australian suburbs ordered by increase in median house value over the last year, South Townsville, 4810 is in the top half with a property value increase of 6.11% recorded in median house prices.
Taking the average capital gain, or increase in median house value, South Townsville,4810 has racked up an average of 6.11% over the period. This ranks it number 3572th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that South Townsville is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 37th in terms of most discounted suburbs in QLD
Advertised rents are around the $350 mark per week – giving a return of 5.52% based on the median price in Suburb
Property value increases in South Townsville have tracked lower than the QLD average of 1.92% over the last 12 months.
Across a shorter period, South Townsville, 4810 has seen a median price increase of -1.56% over the last quarter.
Renters in Suburb are facing rents around $19240 per annum or $370 every week.