With a capital gain of 2.41% for the last 12 months, Olinda, 3788 has performed for property investments than its average annual 7.07% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Olinda,3788 has racked up an average of 2.41% over the period. This ranks it number 1659th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Olinda itself are offering an average vendor discount of -3.98% to real estate investors.
Often selling an investment property can take time, and in Olinda the average time real estate has been on the market is 45.77 days.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 7.07%, investors should hope to achieve an overall return of 3.69%