Resorts get ready for tourists with ‘COVID-19 makeovers’
Queenslanders now able to enjoy a well-deserved break again at Sunshine State holiday hotspots can look forward to finding their accommodati...
Subscribe to our newsletter
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $628,500.
The upward trend in home prices in MELBA, 2615 averaged 5.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $560 mark, reflecting a 4.63% increase in returns based on the current median price in MELBA.
An average of 3.5 real estate transactions take place per month in MELBA which translates to 42 per annum.
42 properties were sold in MELBA in 2016, making it the 47th most active market in ACT based on total real estate transactions.
MELBA, 2615 places 43rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $628,500 | $415,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.05% | N/A |
| Median 12 month | 5.19% | 4.4% |
| Median 3 years | 15.96% | N/A |
| Median 5 years | 26.97% | N/A |
| 10 years average annual | 4.05% | -4.12% |
| Weekly media advert. rent | $560 | N/A |
| Time on Market | 46.4 days | 0.0 days |
| Gross Rental Yield Percent | 4.63% | N/A |
Queenslanders now able to enjoy a well-deserved break again at Sunshine State holiday hotspots can look forward to finding their accommodati...
Home owners are advised to tread carefully when signing up for loan repayment deferrals. ...
More federal government stimulus packages and the prospect of negative interest rates could be pivotal in helping the Australian economy reb...
Older Australians who are looking to downsize are tipped to be the big winners from Scott Morrison’s latest stimulus package, according to...
As the world continues to face the effects of the COVID-19 pandemic, how will the Sydney property market move to recover over the long-term?...
There are plenty of properties out there, but not all properties are investment-grade properties, writes Lloyd Edge. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
