Ingham, 4850 ranked 853th in QLD when comparing growth in median property values or capital gain over the last 12 months. Ingham is one of 2415 in our list for QLD
Ingham,4850 has offered an average of -20.00% return per annum in house price rises to property investors over the last three years.
The most recent median price for Ingham is $140000, with sellers offering an average of -19.15% off the asking price.
In the last year 33 properties changed hands in Ingham, which puts it as the 566th most active market in QLD when comparing the number of sales per 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.