At number 899th in the list of Australian suburbs ordered by increase in median house value over the last year, White Rock, 4868 is in the top 30% with a property value increase of 5.17% recorded in median house prices.
A 3.39% growth in median value for property investors in White Rock,4868 puts this suburb at number 200th in terms of best performing suburbs in QLD
Property buyers and investors in White Rock 4868 should be seeing an average reduction in asking price of around -7.65% . This means that White Rock is holding prices well when compared to other suburbs in QLD.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 1.16%, investors should hope to achieve an overall return of 6.48%
White Rock, 4868 ranked 311th in QLD when comparing growth in median property values or capital gain over the last 12 months. White Rock is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in White Rock has fallen somewhat when compared to the 5 year average annual rate.
Advertised rents are around the $360 mark per week – giving a return of 8.57% based on the median price in Suburb
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.