Thuringowa Central has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -5.36% to date .
The five-year average increase in median property values for Thuringowa Central,4817 has given property investors a potential capital gain of -15.87% across each of those five years.
Vendor discounting in Thuringowa Central is giving property investors an average Vendor Discount of around -5.55%. This puts suburb at number 467th in QLD when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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Affordability attracts buyers
Median house price: $320,000
Three-year growth: 2.4%
Rental yield: 4.9%
In far-north Queensland, the suburb of Thuringowa Central is embarking on a journey of significant growth.
In the year leading up to April 2018, the housing market recorded a jump of 16.4% in prices. Over the April 2018 quarter alone, values increased by a further 17.6%. Nonetheless, houses remain very affordable at a median value of $320,000. Investors can gain a high average return of 4.9%; coupled with the area’s affordability, this could be why such properties spend an average of only 39 days on the market.
Thuringowa Central is shaped like an inverted T. The commercial area lies in the heart of the suburb, with the banks of the Ross River serving as a spot for recreation. The suburb is served by Willows Shopping Centre and the local library, which was recently refurbished.