Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
WANNIASSA, 2903 ranks 1921st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 4.66% for property investors.
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 $607,000.
The upward trend in home prices in WANNIASSA, 2903 averaged 2.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.71% increase in returns based on the current median price in WANNIASSA.
An average of 9.58 real estate transactions take place per month in WANNIASSA which translates to 115 per annum.
115 properties were sold in WANNIASSA in 2016, making it the 91st most active market in ACT based on total real estate transactions.
WANNIASSA, 2903 places 55th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $607,000 | $438,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.17% | 0% |
| Median 12 month | 4.66% | N/A |
| Median 3 years | 8.39% | 9.63% |
| Median 5 years | 20.75% | 9.08% |
| 10 years average annual | 2.62% | -0.88% |
| Weekly media advert. rent | $550 | $420 |
| Time on Market | 44.7 days | 0.0 days |
| Gross Rental Yield Percent | 4.71% | 4.98% |
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