QLD has seen average median house prices change by 0.01% which means that Charters Towers City, 4820 has done well for property investors by showing a capital gain of -17.27% over the last year
Taking the average capital gain, or increase in median house value, Charters Towers City,4820 has racked up an average of -17.27% over the period. This ranks it number 3931th in the whole country for real estate investors looking at median house price increases.
The QLD suburb of Charters Towers City, 4820 is in the Charters Towers (R) local government area.
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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.