Property market update: Brisbane, August 2020
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by e...
Property investors have seen a -2.22% drop in MEREWETHER HEIGHTS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MEREWETHER HEIGHTS, 2291 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 $880,000
Profits averaged -2.57% per annum over a 3-year period, due to an downward trend in home prices in MEREWETHER HEIGHTS, 2291.
This means, real estate investors could earn a rental income of $770 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 4.55%.
An average of 2.17 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 26 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $880,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.22% | N/A |
| Median 12 month | -12% | N/A |
| Median 3 years | -7.71% | N/A |
| Median 5 years | 11.39% | N/A |
| 10 years average annual | 4.96% | N/A |
| Weekly media advert. rent | $770 | N/A |
| Time on Market | 75.8 days | N/A |
| Gross Rental Yield Percent | 4.55% | N/A |
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