23 May StreetGin Gin QLD 4671
Property Details for 23 May St, Gin Gin
Last Listing description (May 2021)
This duplex building presents in good order with a 7.54% gross return.
Building is in good repair and are both tenanted.
23B is airconditioned .
Gin Gin is a well serviced vibrant town which includes hospital, primary and secondary schools, butcher, baker, supermarket, hardware, eateries , coffee shops and variety stores.
Bundaberg is 50 kms to the east.
Vacancy rates are low.
Duplexes are part of a portfolio of 3 properties all adjoining. Portfolio for sale as a whole or separate.$600K
Property History for 23 May St, Gin Gin, QLD 4671
- 27 Mar 2021Listed for Sale $320000 ONO
- 02 Jan 2020Listed for Sale $320000 ONO
- 07 Dec 2018Listed for Sale $320000 ONO
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0About Gin Gin 4671
The size of Gin Gin is approximately 33.8 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Gin Gin in 2011 was 1,190 people. By 2016 the population was 1,066 showing a population decline of 10.4% in the area during that time. The predominant age group in Gin Gin is 60-69 years. Households in Gin Gin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gin Gin work in a labourer occupation. In 2011, 62.8% of the homes in Gin Gin were owner-occupied compared with 58.8% in 2016.
Gin Gin has 806 properties. Over the last 5 years, Houses in Gin Gin have seen a 139.75% increase in median value, while Units have seen a 722.56% increase. As at 30 September 2024:
- The median value for Houses in Gin Gin is $377,895 while the median value for Units is $313,755.
- Houses have a median rent of $420.
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