Property value increases in Bungalow have tracked lower than the QLD average of 0.14% over the last 12 months.
Taking the average capital gain, or increase in median house value, Bungalow,4870 has racked up an average of -7.38% over the period. This ranks it number 2300th in the whole country for real estate investors looking at median house price increases.
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 Bungalow, 4870. Typically our figures indicate that -7.20% is being offered, which puts this QLD suburb at 1227th most discounted overall in Australia.
At number 2214 in a list of fastest selling suburbs, Bungalow is in the bottom 40% of suburbs in Australia with an average of days on market 86.8125 for properties listed there.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.73%, without taking into account capital value appreciation, which has been averaging out at 2.04%.
With a capital gain of 12.33% for the last 12 months, Bungalow, 4870 has performed for property investments than its average annual 0.29% property growth over the last 5 years.
Bungalow,4870 has offered an average of 12.33% return per annum in house price rises to property investors over the last three years.
At number 15th of QLD’s most discounted properties, Bungalow is in the bottom 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 0.29%, investors should hope to achieve an overall return of 8.45%