$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
QUEENSCLIFF, 2096 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 $2,580,000.
QUEENSCLIFF now ranks at the 622nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in QUEENSCLIFF are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $970 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In QUEENSCLIFF, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 17 properties were sold in QUEENSCLIFF during the past year, making it the 983rd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,580,000 | $955,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.57% | -2.3% |
| Median 12 month | -19.38% | -9.48% |
| Median 3 years | N/A | -9.91% |
| Median 5 years | 11.21% | 24.03% |
| 10 years average annual | 9.87% | 6.4% |
| Weekly media advert. rent | $970 | $680 |
| Time on Market | 0.0 days | 48.5 days |
| Gross Rental Yield Percent | 1.96% | 3.7% |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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