BRISBANE NEWS QUEENSLAND
NORTH Queensland has absolutely dominated the list of the top ten suburbs which give the unit investors the highest returns.
Every suburb in the top ten list is in Queensland according to the CoreLogic national Best of the Best report.
Taking out top spot was Port Douglas which has a median unit value for $256,024 and a gross rental yield of 9.3 per cent.
Taking out the remaining nine spots in the top ten were all suburbs with in Cairns with Manunda the top performer in that region, with a median unit value of $153,919 and a gross rental yield of 9 per cent.
The best unit gross rental yields in Australia in 2017. Source: CoreLogic.
Queensland’s coastal markets have been making a comeback in recent months, with the latest CoreLogic Pain and Gain report revealing the number of loss making property sales in Cairns had dropped in the September quarter.
It said the improvement was being driven by buyers who were forced out of high priced capital city markets and other’s using their equity to invest in lifestyle markets.
According to CoreLogic Cairns values have remained fairly steady in the year to September 2017, with house values up by 0.2 per cent, and unit values up 0.4 per cent.
Advertised rents for units had remained fairly steady at about $295 a week.
Michelle Hele (03 JAN 2018). “The unit market in this Qld region has dominated the national list for the best returns for investors”. Retrieved from “https://www.realestate.com.au/news/the-unit-market-in-this-qld-region-has-dominated-the-national-list-for-the-best-returns-for-investors”//