Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
CASEY, 2913 ranks 1346th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 2.34% 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 $636,050.
The upward trend in home prices in CASEY, 2913 averaged 2.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $577.5 mark, reflecting a 4.72% increase in returns based on the current median price in CASEY.
An average of 8 real estate transactions take place per month in CASEY which translates to 96 per annum.
96 properties were sold in CASEY in 2016, making it the 2nd most active market in ACT based on total real estate transactions.
CASEY, 2913 places 42nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $636,050 | $470,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.96% | 13.66% |
| Median 12 month | 2.34% | 14.08% |
| Median 3 years | 6.9% | 4.68% |
| Median 5 years | 83.83% | 8.55% |
| 10 years average annual | 11.11% | 3.98% |
| Weekly media advert. rent | $577.5 | $450 |
| Time on Market | 74.4 days | 65.2 days |
| Gross Rental Yield Percent | 4.72% | 4.98% |
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