Property investors who have had real estate in Gulliver, 4812 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.21%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulliver has fallen somewhat when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Gulliver itself are offering an average vendor discount of -10.91% to real estate investors.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Using the current median advertised rental of $327.5 and the average annual increase in value of a median property of -2.03%, investors should hope to achieve an overall return of 6.97%
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Part of the Townsville local government area (LGA), the suburb of Gulliver is a short commute from Townsville’s CBD, sitting around 5km south of the city centre. Its population sits at just under 3,000 (2,871 according to the 2006 census) and the average age of its residents is 38.
The property market here is all about houses, with 93.2% of Gulliver’s dwellings coming into the separate house category at the 2006 census. Its median house price comes in at $296,500 according to RP Data, which is well below the median for Townsville LGA as a whole of $380,000.