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1 MIN READDeceptive Marketing Disputes Rise In Hot Qld Market
A booming property market in South-East Queensland has brought with it a rising number of legal disputes over how proper...
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HarringtonHarrington - SUBURB PROFILE REPORT
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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 $680,000.
The upward trend in home prices in HARRINGTON, 2427 averaged 12.05% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 2.98% increase in returns based on the current median price in HARRINGTON.
An average of 9.58 real estate transactions take place per month in HARRINGTON which translates to 115 per annum.
115 properties were sold in HARRINGTON in 2016, making it the 1432nd most active market in NSW based on total real estate transactions.
HARRINGTON, 2427 places 1186th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.26% | 0.11% |
| Median 12 month | 25.93% | 19.21% |
| Median 3 years | 36.14% | 45.16% |
| Median 5 years | 52.81% | 40.63% |
| 10 years average annual | 7.5% | 3.4% |
| Weekly media advert. rent | $390 | $320 |
| Time on Market | 66.1 days | 45.7 days |
| Gross Rental Yield Percent | 2.98% | 3.7% |
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