At number 682th in the list of Australian suburbs ordered by increase in median house value over the last year, Westcourt, 4870 is in the top 20% with a property value increase of 7.25% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westcourt has increased when compared to the 5 year average annual rate.
Westcourt4870 is located in QLD which offers an average discount of -7.01% to property investors. Westcourt itself is showing figures that indicate -7.52% is the average achievable by property buyers investing in the suburb.
In the last year 27 properties changed hands in Westcourt, which puts it as the 597th most active market in QLD when comparing the number of sales per suburb.
The QLD suburb of Westcourt, 4870 is in the Cairns (R) local government area.
Property investors who have had real estate in Westcourt, 4870 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.08%
While Westcourt,4870 ranked number 314th in QLD for increase in median house value (annualised) increase, it is ranked 198th over the last 5 years.
Sellers are offering property buyers an average discount of -7.97% to buyers in Westcourt at the moment, which is less than average for the rest of QLD.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of -1.70%, investors should hope to achieve an overall return of 7.22%