White Rock is an average performer in QLD when comparing median price capital growth over the last year. White Rock gave property investors a good capital gain figure when compared to the rest of the state, with 14.40%.
If we look at median property appreciation over just the last three months, White Rock has given property investors a paper return of 2.21%. This puts Suburb as 635 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in White Rock are currently offering property investors an average price cut of -2.82% below the asking price at the moment.
Residents and property investors in White Rock have been waiting around 43.1 days to sell a property.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 6.14%, without taking into account capital value appreciation, which has been averaging out at 2.46%.
White Rock is an average performer in QLD when comparing median price capital growth over the last year. White Rock gave property investors a good capital gain figure when compared to the rest of the state, with 13.35%.
Over the longer term, White Rock has seen property prices show investors a -7.22% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -3.49% to buyers in White Rock at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 0.12%, investors should hope to achieve an overall return of 7.89%
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.