Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
A steady increase in median property prices over a five-year period in the suburb translates to a 50% capital gain.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $600,000.
Profits due to an upward trend in home prices there averaged 16.67% per annum over a 3-year period.
Home owners selling their properties and realtors in TERALBA usually have to wait an average of 59.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.77% increase in returns based on the current median price in TERALBA.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||50%||N/A|
|Median 5 years||57.89%||N/A|
|10 years average annual||8.98%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||59.4 days||N/A|
|Gross Rental Yield Percent||4.77%||N/A|