Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors have seen a 3.32% gain in RICHARDSON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on RICHARDSON, 2905 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.37%.
Based on its average 5-year and quarterly capital gains RICHARDSON, 2905 saw average growth in the long term.
The ACT 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 $545,000
Profits averaged 7.49% per annum over a 3-year period, due to an upward trend in home prices in RICHARDSON, 2905.
This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
The gross rental yield in RICHARDSON, 2905 is 4.39%.
An average of 3.92 real estate transactions take place per month in RICHARDSON which translates to 47 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.32% | N/A |
| Median 12 month | 12.37% | N/A |
| Median 3 years | 22.47% | N/A |
| Median 5 years | 27.56% | N/A |
| 10 years average annual | 4.29% | N/A |
| Weekly media advert. rent | $460 | N/A |
| Time on Market | 45.5 days | N/A |
| Gross Rental Yield Percent | 4.39% | N/A |
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