‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $800,000.
The upward trend in home prices in FORDE, 2914 averaged 6.47% per annum over a 3-year period.
Average weekly rents on listings have reached the $590 mark, reflecting a 3.84% increase in returns based on the current median price in FORDE.
An average of 5.25 real estate transactions take place per month in FORDE which translates to 63 per annum.
63 properties were sold in FORDE in 2016, making it the 13th most active market in ACT based on total real estate transactions.
FORDE, 2914 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | $535,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 1.04% |
| Median 12 month | 5.61% | 1.99% |
| Median 3 years | 19.4% | 1.71% |
| Median 5 years | 38.05% | 13.33% |
| 10 years average annual | 6.03% | 0.98% |
| Weekly media advert. rent | $590 | $550 |
| Time on Market | 72.2 days | 0.0 days |
| Gross Rental Yield Percent | 3.84% | 5.34% |
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...