At number 2092th in the list of Australian suburbs ordered by increase in median house value over the last year, Garbutt, 4814 is in the top half with a property value increase of 12.77% recorded in median house prices.
While Garbutt,4814 ranked number 919th in QLD for increase in median house value (annualised) increase, it is ranked 809th over the last 5 years.
Property buyers and investors in Garbutt 4814 should be seeing an average reduction in asking price of around -7.46% . This means that Garbutt is holding prices well when compared to other suburbs in QLD.
Situated 1113.03km from the CBD, Garbutt is one of Townsville (C) localities in the postcode 4814.
If we look at median property appreciation over just the last three months, Garbutt has given property investors a paper return of -3.70%. This puts Suburb as 357 on a list of fastest fasting appreciating suburbs in QLD
With the median price for a house in Garbutt being $182000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 7.86%