Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
A -0.62% increase in median property prices in CRACE, 2911 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 62nd.
A steady increase in median property prices over a five-year period in the suburb translates to a 8.3% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $802,500
The augmented property values in the suburb are trailing behind the territorial average of 4.7% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $690.
Home owners selling their properties and realtors in CRACE usually have to wait an average of 68.1 days days before their assets are lifted off the market.
The ACT suburb ranks 26th on the list of best yielding suburbs for rental properties in ACT, posting a 4.47% return.
It also places places 34th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $802,500 | $325,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.58% | -2.99% |
| Median 12 month | -0.62% | -15.58% |
| Median 3 years | 8.3% | N/A |
| Median 5 years | 19.78% | 3.21% |
| 10 years average annual | 17.21% | -8.13% |
| Weekly media advert. rent | $690 | $470 |
| Time on Market | 68.1 days | 97.7 days |
| Gross Rental Yield Percent | 4.47% | 7.52% |
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property ...
The Real Estate Institute of Australia has welcomed an announcement by the Australian Banking Association to implement a new phase of suppor...
The Queensland property market has been dubbed “better than expected” as it continues to remain resilient amid the effects of the COVID-...
Australia has reached a new crossroad when it comes to the COVID-19 crisis, both for health and economic reasons: Here are the biggest prope...
Nearly half of home-buying Millennials believe the COVID-19 situation has actually made home ownership a more achievable goal. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
