If you compare the increase in value of investment property in Bungalow, 4870 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -14.93%.
Over the longer term, Bungalow has seen property prices show investors a -12.04% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Situated 1389.00km from the CBD, Bungalow is one of Cairns (R) localities in the postcode 4870.
At number 1244th in the list of Australian suburbs ordered by increase in median house value over the last year, Bungalow, 4870 is in the BOTTOM 20% with a property value increase of -10.42% recorded in median house prices.
The five-year average increase in median property values for Bungalow,4870 has given property investors a potential capital gain of -7.86% across each of those five years.
Bungalow4870 is located in QLD which offers an average discount of -6.32% to property investors. Bungalow itself is showing figures that indicate -8.89% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $265 and the average annual increase in value of a median property of -1.91%, investors should hope to achieve an overall return of 10.68%