Giving property investors a an unimpressive capital gain of -7.44% for the last year, Thuringowa Central, 4817 is the 3027th highest performer in Australia in this respect.
While Thuringowa Central,4817 ranked number 345th in QLD for increase in median house value (annualised) increase, it is ranked 711th over the last 5 years.
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 Thuringowa Central itself are offering an average vendor discount of -9.43% to real estate investors.
Advertised rents are around the $320 mark per week – giving a return of 5.94% based on the median price in Suburb
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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.