Investment tip: Building a property development team
Success in property development, as in all wealth-creation strategies, requires passion and dedication, thorough research, and the help of r...
A steady increase in median property prices over a five-year period in the suburb translates to a 13.87% 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 $603,500.
Profits due to an upward trend in home prices there averaged 4.62% per annum over a 3-year period.
Home owners selling their properties and realtors in WARABROOK usually have to wait an average of 60.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $425 mark, reflecting a 3.66% increase in returns based on the current median price in WARABROOK.
WARABROOK, 2304 places 727th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $603,500 | $445,750 |
| GROWTH REPORT | ||
| Median Quarterly | -2.15% | N/A |
| Median 12 month | -3.44% | N/A |
| Median 3 years | 13.87% | N/A |
| Median 5 years | 11.76% | 35.08% |
| 10 years average annual | 6.35% | 7.97% |
| Weekly media advert. rent | $425 | $375 |
| Time on Market | 60.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.66% | 4.37% |
Success in property development, as in all wealth-creation strategies, requires passion and dedication, thorough research, and the help of r...
CoreLogic head of research Tim Lawless has offered his insight into housing affordability over the past 10 years, giving investors an idea a...
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Having a well-structured mortgage loan that suits the investor’s specific needs, capabilities, limitations and long-term goals is among th...
Property is just as prone to changing styles and trends as any other aspect of society – so with a new decade just about upon us, what are...
Before diving into your first property purchase, get to know the basics of property investment, starting with the most common types of inves...
Get notifications in real-time for staying up to date with content that matters to you.