QLD has seen average median house prices change by 1.17% which means that Oonoonba, 4811 has done well for property investors by showing a capital gain of -17.07% over the last year
Oonoonba,4811 was ranked 4080 in Australia by increase in median property value over the quarter.
Oonoonba, 4811 is offering QLD ‘s 14th 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.
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Townsville suburb records top growth
Median house price: $310,000
Three-year growth: 5.1%
Rental yield: 4.7%
One of the suburbs that has benefited from becoming part of Townsville’s urban planning, Oonoonba is among the biggest-growing suburbs in Queensland.
House value increases peaked at 36.6% in the 12 months leading up to December 2017, and the median price has passed the $300,000 mark. This is still a rather low price, and coupled with the reasonable yield of 4.7%, could represent a favourable investment.
Oonoonba’s The Village development aims to contribute a shopping area to the suburb. The Murray Sporting Complex is in the vicinity, along with community centres. The schools in the area include Oonoomba State School, Townsville High School and C&K Oonoonba Community Kindergarten.
The Townsville CBD is only about 10 minutes away, and can be reached via the train from McPherson Street.