Property investors who have had real estate in Edge Hill, 4870 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.53%
Across a shorter period, Edge Hill, 4870 has seen a median price increase of 0.18% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Edge Hill is offering property investors an average of -6.74. This rate of discount on properties puts Suburb at number 221th in terms of most discounted suburbs in QLD
Residents and property investors in Edge Hill have been waiting around 62.3077 days to sell a property.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.56%, investors should hope to achieve an overall return of 4.38%
Property investors who have had real estate in Edge Hill, 4870 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.81%
While Edge Hill,4870 ranked number 154th in QLD for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Our latest figures would indicate that property sellers in Edge Hill are currently offering property investors an average price cut of -7.34% below the asking price at the moment.
Often selling an investment property can take time, and in Edge Hill the average time real estate has been on the market is 80.3043 days.
Situated 1393.04km from the CBD, Edge Hill is one of Cairns (R) localities in the postcode 4870.
Information supplied by:
Median House Price: $500k
Current Yield (houses): 4.8%
Average annual growth (houses): 2.3%
Median Unit Price: $185k
Current Yield (units): 7.9%
Average annual growth (units): -0.1%
Located in the sunshine state’s Cairns region, the suburb of Edge Hill is tracking an average annual growth rate of 2.3% in house values, and the median house price comes in at $500k.
“An under-supply of skilled labour, affordable housing, and a fantastic lifestyle are likely to attract out-of-towners to relocate to Cairns,” shares managing director of Propertyology, Simon Pressley, who has invested in the sun-basked region himself.
"There is an impressive list of infrastructure and major job-creating projects, including several new hotels, a sea port expansion, major convention centre upgrade, and university expansions.”