Toowoomba City: Keep an Eye on This Investment Destination in Queensland
03.11.2023
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Evanston Gardens, a picturesque suburb nestled in South Australia, has been steadily gaining attention from property investors and homebuyers alike. With a promising real estate market, a thriving community, and a variety of amenities, this suburb offers an enticing opportunity for those looking to make a move. In this blog, we'll delve into the key statistics and highlights that make Evanston Gardens a noteworthy destination for property investment.
Evanston Gardens currently boasts 58 houses available for sale, providing ample options for prospective buyers. The median property price for a house in this suburb stands at $415,000, reflecting its affordability and potential for value growth. With an impressive annual capital growth rate of 13.70%, Evanston Gardens presents a compelling case for investment.
In the past 12 months, the suburb witnessed 78 house sales, indicating a healthy level of market activity. Houses in Evanston Gardens tend to spend an average of 23 days on the market, a testament to the desirability of the area.
For those considering an investment property in Evanston Gardens, the rental market presents an appealing opportunity. Rental yields for houses are currently at 5.36%, with an average median rent of $450 per week. Moreover, houses in Evanston Gardens have shown growth of 0.12% in the past quarter and an impressive 13.70% growth in the past 12 months, underscoring the suburb's investment potential.
Evanston Gardens encompasses approximately 3.4 square kilometers and is characterized by its green spaces. The suburb boasts five parks, covering nearly 4.1% of the total area, providing residents with recreational opportunities and a connection to nature.
In terms of demographics, Evanston Gardens has experienced significant population growth, with numbers soaring by 168.3% between 2011 and 2016. The predominant age group in the suburb is 20-29 years, reflecting a vibrant and youthful community.
The majority of households in Evanston Gardens consist of couples with children, and they typically make mortgage repayments ranging from $1400 to $1799 per month. A significant portion of the population is engaged in trades occupations, highlighting the suburb's diverse workforce.
Evanston Gardens is not just a suburb; it's an opportunity waiting to be seized. With a thriving real estate market, attractive rental yields, and a growing community, it's no wonder why this suburb has become a hotspot for property investors. Whether you're looking to buy a home or add to your investment portfolio, Evanston Gardens offers the promise of growth and prosperity. Don't miss out on the potential that this suburb has to offer – explore Evanston Gardens and discover the possibilities that await. #RealEstateInvesting #InvestmentLocation #PropertyMarket #BeachseaNewPropertySpecialist #AdelaideProperty #RealEstateExperts
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