Property value increases in Charters Towers City have tracked lower than the QLD average of 5.76% over the last 12 months.
While Charters Towers City,4820 ranked number 633th in QLD for increase in median house value (annualised) increase, it is ranked 861th over the last 5 years.
Our latest figures would indicate that property sellers in Charters Towers City are currently offering property investors an average price cut of -13.11% below the asking price at the moment.
Property investors should expect to get $235 weekly from the median priced house in this suburb.
Information supplied by:
High yields with low value
Median unit price: $110,000
Three-year growth: -26.7%
Rental yield: 11.8%
Once a gold-rush site in the 1870s, Charters Towers City has developed into one of the most stunning inland cities in the Sunshine State.
While the house market offers a sky-high average rental return of 11.8%, the suburb has a struggling record when it comes to growth, with values falling consistently since 2014.
The suburb was the site of one of the first regional stock exchanges in the country, and it is rich in striking architecture that calls back to its history. Such buildings line Mosman Street and Gill Street, and some have been repurposed for new commercial use. For instance, the World Theatre was originally the Australian Bank of Commerce – today, it contains a cinema, theatre and gift shop. There are also several museums in the area, including a mining and historical museum.