With a capital gain of -1.11% for the last 12 months, Babinda, 4861 has performed for property investments than its average annual 2.90% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Babinda has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Babinda, 4861. Typically our figures indicate that -14.97% is being offered, which puts this QLD suburb at 28th most discounted overall in Australia.
In the last year 20 properties changed hands in Babinda, which puts it as the 708th most active market in QLD when comparing the number of sales per suburb.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 6.31%, without taking into account capital value appreciation, which has been averaging out at 2.90%.