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 $190,000.
The downward trend in home prices in BINGARA, 2404 averaged -6.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $255 mark, reflecting a 6.98% increase in returns based on the current median price in BINGARA.
An average of 3.83 real estate transactions take place per month in BINGARA which translates to 46 per annum.
46 properties were sold in BINGARA in 2016, making it the 454th most active market in NSW based on total real estate transactions.
BINGARA, 2404 places 1420th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.76%||N/A|
|Median 3 years||-18.98%||N/A|
|Median 5 years||6.15%||N/A|
|10 years average annual||4.4%||N/A|
|Weekly media advert. rent||$255||N/A|
|Time on Market||136.7 days||N/A|
|Gross Rental Yield Percent||6.98%||N/A|