Cloncurry is in the bottom 10% in QLD when comparing median price capital growth over the last year. Cloncurry gave property investors a dismal capital gain figure when compared to the rest of the state, with -37.50%.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.61% offered to property buyers. Sellers in Cloncurry itself are offering an average vendor discount of -12.93% to real estate investors.
In the last year 22 properties changed hands in Cloncurry, which puts it as the 673th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $300 mark per week – giving a return of 13.87% based on the median price in Suburb