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1 MIN READInvestors Flock To QLD As Vacancy Rates Stay Ridiculously Low
Showcasing the popularity of Queensland as an investor haven, new investor loan commitments in the state reached $1.86 b...
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CasulaCasula - SUBURB PROFILE REPORT
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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 $865,000.
The upward trend in home prices in CASULA, 2170 averaged 2.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.01% increase in returns based on the current median price in CASULA.
An average of 13.33 real estate transactions take place per month in CASULA which translates to 160 per annum.
160 properties were sold in CASULA in 2016, making it the 1110th most active market in NSW based on total real estate transactions.
CASULA, 2170 places 503rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $865,000 | $610,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.79% | 4.63% |
| Median 12 month | 11.9% | 1.67% |
| Median 3 years | 6.79% | 0% |
| Median 5 years | 16.89% | 10.55% |
| 10 years average annual | 7.05% | 6.05% |
| Weekly media advert. rent | $500 | $490 |
| Time on Market | 51.9 days | 41.8 days |
| Gross Rental Yield Percent | 3.01% | 4.18% |
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