Melbourne update: Buyer demand continues to drop
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $310,000.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BEECHWOOD.
An average of 2.08 real estate transactions take place per month in BEECHWOOD which translates to 25 per annum.
25 properties were sold in BEECHWOOD in 2016, making it the 753rd most active market in NSW based on total real estate transactions.
BEECHWOOD, 2446 places 974th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.43% | N/A |
| Median 12 month | -21.12% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -11.17% | N/A |
| 10 years average annual | 5.87% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 142.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
Queensland’s plan to undergo relaxed border closures have been welcomed by the home building industry, who up until recently had to come t...
The Central Coast is facing unprecedented demand for rental properties as cityslickers leave Sydney in droves. ...
Bridesmaid suburb opportunities don’t just exist in the cities. A buyer’s agent has recommended that investors go further afield than bi...
While most major capital city markets have been seen suffering from the consequences of the COVID-19 outbreak, Brisbane has been deemed by e...
The stability of the Australian housing market is set to be tested with a large slump in population due to border closures. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment