When will house prices rise? A new report reveals all
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Based on its average 5-year and quarterly capital gains GREENWAY, 2900 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an downward trend in home prices in GREENWAY, 2900 averaged -2.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $440 mark, reflecting a 5.79% increase in returns based on the current median price in GREENWAY.
An average of 7.08 real estate transactions take place per month in GREENWAY which translates to 85 per annum.
85 properties were sold in GREENWAY during the past year, making it the 3rd most active market in ACT based on total real estate transactions.
GREENWAY, 2900 places 21st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $395,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0.79% |
| Median 12 month | N/A | -1% |
| Median 3 years | N/A | -7.49% |
| Median 5 years | N/A | -7.22% |
| 10 years average annual | N/A | 0.13% |
| Weekly media advert. rent | N/A | $440 |
| Time on Market | N/A | 90.4 days |
| Gross Rental Yield Percent | N/A | 5.79% |
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