Freshwater is in the bottom 20% in QLD when comparing median price capital growth over the last year. Freshwater gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.36%.
Over the longer term, Freshwater has seen property prices show investors a 10.08% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.74% offered to property buyers. Sellers in Freshwater itself are offering an average vendor discount of -9.11% to real estate investors.
The QLD suburb of Freshwater, 4870 is in the Cairns local government area.
With a capital gain of -1.79% for the last 12 months, Freshwater, 4870 has performed for property investments than its average annual 1.16% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Freshwater comes in at number 121th in QLD.
Property buyers and investors in Freshwater 4870 should be seeing an average reduction in asking price of around -5.07% . This means that Freshwater is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Freshwater have been waiting around 87.43 days to sell a property.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 5.96%, without taking into account capital value appreciation, which has been averaging out at 1.16%.