At number 596th in the list of Australian suburbs ordered by increase in median house value over the last year, Oonoonba, 4811 is in the top 20% with a property value increase of 24.51% recorded in median house prices.
Comparing Oonoonba,4811 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Oonoonba, 4811 is offering QLD ‘s 84th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Residents and property investors in Oonoonba have been waiting around 51.3333 days to sell a property.
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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.