Property investors who have had real estate in Oonoonba, 4811 should be pleased 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 10.91%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oonoonba has increased when compared to the 5 year average annual rate.
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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.