Investment property in Thuringowa Central has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.46%
Thuringowa Central,4817 was ranked 2140 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Thuringowa Central, 4817. Typically our figures indicate that 0.00% is being offered, which puts this QLD suburb at 2335th most discounted overall in Australia.
Renters in Suburb are facing rents around $42640 per annum or $820 every week.
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Affordability attracts buyers
Median house price: $320,000
Three-year growth: 2.4%
Rental yield: 4.9%
In far-north Queensland, the suburb of Thuringowa Central is embarking on a journey of significant growth.
In the year leading up to April 2018, the housing market recorded a jump of 16.4% in prices. Over the April 2018 quarter alone, values increased by a further 17.6%. Nonetheless, houses remain very affordable at a median value of $320,000. Investors can gain a high average return of 4.9%; coupled with the area’s affordability, this could be why such properties spend an average of only 39 days on the market.
Thuringowa Central is shaped like an inverted T. The commercial area lies in the heart of the suburb, with the banks of the Ross River serving as a spot for recreation. The suburb is served by Willows Shopping Centre and the local library, which was recently refurbished.