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...
Property investors have seen a -1.77% drop in ROCKDALE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ROCKDALE, 2216 saw average growth in the long term.
The NSW 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 $1,080,500
Profits averaged 0.15% per annum over a 3-year period, due to an upward trend in home prices in ROCKDALE, 2216.
This means, real estate investors could earn a rental income of $647.5 based on current median home prices for the suburb.
The gross rental yield in ROCKDALE, 2216 is 3.12%.
An average of 3.58 real estate transactions take place per month in ROCKDALE which translates to 43 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,080,500 | $620,188 |
| GROWTH REPORT | ||
| Median Quarterly | -1.77% | -1.4% |
| Median 12 month | -7.69% | -4.59% |
| Median 3 years | 0.46% | -1.24% |
| Median 5 years | 20.06% | 11.34% |
| 10 years average annual | 7.96% | 5.39% |
| Weekly media advert. rent | $647.5 | $527.5 |
| Time on Market | 0.0 days | 70.0 days |
| Gross Rental Yield Percent | 3.12% | 4.42% |
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