With a capital gain of -4.68% for the last 12 months, White Rock, 4868 has performed for property investments than its average annual 0.33% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, White Rock has given property investors a paper return of -1.67%. This puts Suburb as 640 on a list of fastest fasting appreciating suburbs in QLD
White Rock, 4868 is offering QLD ‘s 131th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
White Rock is 58th on a list of best yielding suburbs for rents in QLD with a 6.70% return
At number 108th in the list of Australian suburbs ordered by increase in median house value over the last year, White Rock, 4868 is in the top 10% with a property value increase of 14.81% recorded in median house prices.
A 40.91% growth in median value for property investors in White Rock,4868 puts this suburb at number 1st in terms of best performing suburbs in QLD
The QLD suburb of White Rock, 4868 is in the Cairns (R) local government area.
Information supplied by:
Unit values slip
Median unit price: $270,000
Three-year growth: 11.7%
Rental yield: 6.7%
Right next to Skeleton Creek and Smiths Creek in the Cairns region is the suburb of White Rock. This highly accessible suburb is also bordered by the Bruce Highway and the North Coast railway line.
The suburb held a steady pattern of positive growth until the 2017-2018 period. The unit market is attractive for buyers on a budget, as White Rock’s median price is currently at under $300,000. Investors can also reap a high average yield of 6.7%.
The suburb was named for White Rock Peak in the nearby Freshwater Creek State Forest. For many families, it’s an ideal place to rear children given the safe neighbourhood, many parks, and schools in the area, including Trinity Anglican School and White Rock State School. Mount Sheridan Shopping Centre is only 5 minutes away by car, and the Cairns CBD is just 10km north.