Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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 $1,620,000.
The upward trend in home prices in GYMEA, 2227 averaged 15.05% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.41% increase in returns based on the current median price in GYMEA.
An average of 6.75 real estate transactions take place per month in GYMEA which translates to 81 per annum.
81 properties were sold in GYMEA in 2016, making it the 45th most active market in NSW based on total real estate transactions.
GYMEA, 2227 places 295th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.16%||4.14%|
|Median 3 years||45.16%||2.49%|
|Median 5 years||36.13%||10.57%|
|10 years average annual||9.45%||5.7%|
|Weekly media advert. rent||$750||$570|
|Time on Market||19.5 days||49.1 days|
|Gross Rental Yield Percent||2.41%||3.6%|