Qld property owners urged to act now on smoke alarm compliance
Property owners in Queensland strata schemes have been advised to ensure their units are compliant with the state government’s smoke alarm...
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 $425,000.
The upward trend in home prices in YASS, 2582 averaged 1.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 4.77% increase in returns based on the current median price in YASS.
An average of 15 real estate transactions take place per month in YASS which translates to 180 per annum.
180 properties were sold in YASS in 2016, making it the 983rd most active market in NSW based on total real estate transactions.
YASS, 2582 places 640th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $425,000 | $327,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.16% | N/A |
| Median 12 month | 4.29% | -11.36% |
| Median 3 years | 4.17% | N/A |
| Median 5 years | 11.11% | 3.48% |
| 10 years average annual | 4.58% | -8.56% |
| Weekly media advert. rent | $390 | $325 |
| Time on Market | 76.2 days | 0.0 days |
| Gross Rental Yield Percent | 4.77% | 5.17% |
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