Wongaling Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 34.29% to date .
Taking the average capital gain, or increase in median house value, Wongaling Beach,4852 has racked up an average of 34.29% over the period. This ranks it number 254th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Wongaling Beach should be aiming for at least -7.62% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Wongaling Beach, 4852 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 21.95%.
Wongaling Beach,4852 was ranked 62 in Australia by increase in median property value over the quarter.
In the last year 20 properties changed hands in Wongaling Beach, which puts it as the 237th 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 6.50% based on the median price in Suburb