With a capital gain of -1.64% for the last 12 months, Ingham, 4850 has performed for property investments than its average annual -4.36% property growth over the last 5 years.
Ingham,4850 was ranked 3582 in Australia by increase in median property value over the quarter.
Ingham4850 is located in QLD which offers an average discount of -4.90% to property investors. Ingham itself is showing figures that indicate -13.53% is the average achievable by property buyers investing in the suburb.
In the last year 90 properties changed hands in Ingham, which puts it as the 390th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $250 mark per week – giving a return of 8.67% based on the median price in 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.