If you compare the increase in value of investment property in Caravonica, 4878 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -22.14%.
Across a shorter period, Caravonica, 4878 has seen a median price increase of 0.00% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Caravonica is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 664th in terms of most discounted suburbs in QLD
In the last year 27 properties changed hands in Caravonica, which puts it as the 618th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $475 mark per week – giving a return of 6.42% based on the median price in Suburb
At number 722 in a list of fastest selling suburbs, Caravonica is just in the bottom half of suburbs in Australia with an average of days on market 80.5833 for properties listed there.