Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $569,000.
The upward trend in home prices in LEMON TREE PASSAGE, 2319 averaged 9.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.66% increase in returns based on the current median price in LEMON TREE PASSAGE.
An average of 6.92 real estate transactions take place per month in LEMON TREE PASSAGE which translates to 83 per annum.
83 properties were sold in LEMON TREE PASSAGE in 2016, making it the 113th most active market in NSW based on total real estate transactions.
LEMON TREE PASSAGE, 2319 places 271st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.3%||N/A|
|Median 3 years||29.32%||N/A|
|Median 5 years||49.74%||N/A|
|10 years average annual||5.87%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||68.4 days||N/A|
|Gross Rental Yield Percent||3.66%||N/A|