Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
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 $618,000.
The upward trend in home prices in CASEY, 2913 averaged 4.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.63% increase in returns based on the current median price in CASEY.
An average of 9.33 real estate transactions take place per month in CASEY which translates to 112 per annum.
112 properties were sold in CASEY in 2016, making it the 91st most active market in ACT based on total real estate transactions.
CASEY, 2913 places 79th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $618,000 | $411,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.59% | -4.42% |
| Median 12 month | -2.45% | -3.29% |
| Median 3 years | 12.06% | -6.05% |
| Median 5 years | 134.09% | 8.44% |
| 10 years average annual | 13.32% | 2.83% |
| Weekly media advert. rent | $550 | $437.5 |
| Time on Market | 61.5 days | 47.7 days |
| Gross Rental Yield Percent | 4.63% | 5.54% |
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
The major bank has pledged $2 billion in funding and services to assist not-for-profit affordable and specialist housing providers, includin...
A local property development group is set to take on Melbourne’s build-to-rent sector after observing what it has described as a lack of n...
A decline in property prices in some capital cities has reduced the time needed to save for a deposit, particularly in Sydney. ...
As other property markets experience declines, Brisbane has stood out for its resilience, ultimately gaining the title of “most attractive...
There are 10 suburbs across Australia where investors will be grinning with the thought their property value could increase drastically duri...
Get notifications in real-time for staying up to date with content that matters to you.