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...
ABERDEEN, 2336 ranks 105th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.88% for property investors.
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 $337,500.
The upward trend in home prices in ABERDEEN, 2336 averaged 7.95% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 5.24% increase in returns based on the current median price in ABERDEEN.
An average of 3.08 real estate transactions take place per month in ABERDEEN which translates to 37 per annum.
37 properties were sold in ABERDEEN in 2016, making it the 543rd most active market in NSW based on total real estate transactions.
ABERDEEN, 2336 places 277th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $337,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.85% | N/A |
| Median 12 month | 26.88% | N/A |
| Median 3 years | 23.85% | N/A |
| Median 5 years | 38.89% | N/A |
| 10 years average annual | 3.28% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 135.6 days | N/A |
| Gross Rental Yield Percent | 5.24% | N/A |
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