Over the last year, property investments in Edge Hill, 4870 have given investors a capital gain of -1.76%. This compares very badly with the 10.14% for QLD as a whole.
Across a shorter period, Edge Hill, 4870 has seen a median price increase of -1.76% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -4.96% to real estate investors.
In the last year 80 properties changed hands in Edge Hill, which puts it as the 409th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Edge Hill, 4870 is in the Cairns (R) local government area.
Giving property investors a a poor capital gain of -14.63% for the last year, Edge Hill, 4870 is the 1581th highest performer in Australia in this respect.
Across a shorter period, Edge Hill, 4870 has seen a median price increase of 2.34% over the last quarter.
Property investors looking for a bargain in Edge Hill should be aiming for at least -7.26% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 8.77%, without taking into account capital value appreciation, which has been averaging out at -1.05%.
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.”