Hidden Brisbane property gem revealed
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
A steady increase in median property prices over a five-year period in the suburb translates to a -3.65% capital gain.
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 $925,000.
Profits due to an downward trend in home prices there averaged -1.22% per annum over a 3-year period.
Home owners selling their properties and realtors in PADSTOW usually have to wait an average of 58.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $580 mark, reflecting a 3.26% increase in returns based on the current median price in PADSTOW.
PADSTOW, 2211 places 691st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $925,000 | $665,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.65% | 2.38% |
| Median 12 month | -5.85% | 0.83% |
| Median 3 years | -3.65% | 2.86% |
| Median 5 years | 16.35% | 18.31% |
| 10 years average annual | 6.97% | 5.28% |
| Weekly media advert. rent | $580 | $465 |
| Time on Market | 58.3 days | 55.5 days |
| Gross Rental Yield Percent | 3.26% | 3.63% |
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
Poor construction undertaken recently is set to create a 10-year backlog of litigation claims, according to a local lawyer. ...
Strong property price growth across Australia’s capital cities in the coming year looks set to continue into 2021, according to a new prop...
The vacancy rate across most parts of NSW is getting lower, according to new research released by the REINSW. ...
The second stage of a Brisbane luxury apartment project is nearing completion, with residents beginning to move in to the master-planned co...
With the public release of the Australian Standard for building in bushfire-prone areas, an industry association has expressed hope that it...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
