Over the last year, property investments in Ingham, 4850 have given investors a capital gain of -13.33%. This compares very badly with the 0.88% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ingham has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Ingham 4850 should be seeing an average reduction in asking price of around -14.64% . This means that Ingham is holding prices well when compared to other suburbs in QLD.
In the last year 48 properties changed hands in Ingham, which puts it as the 440th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
Information supplied by:
House values freefall
Median unit price: $175,000
Three-year growth: -17.6%
Rental yield: 7.4%
Regarded as Queensland’s own “Little Italy,” Ingham is where you want to go if you want a taste of the Italian lifestyle without the significant travel.
The suburb is predominantly dominated by residents of Italian descent – in the 1860’s, Italian immigrants first found in Ingham’s sugar cane industry. Today, the suburb has established one of the biggest sugar mills in Australia, and the Australian-Italian Festival held every August celebrates the combination of cultures through wine, food and music. Ingham is also only a short drive away from Wallaman Falls, part of a World Heritage site and the highest permanent single-drop waterfall in the country.
While investors can find cash flow here – the average rental yield is 7.4% off the average rent of $250 per week – they should not expect capital gains anytime soon as prices have been falling for years.