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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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BurongaBuronga - SUBURB PROFILE REPORT
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BURONGA, 2739 ranks 177th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 48.25% 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 $550,000.
The upward trend in home prices in BURONGA, 2739 averaged 25.81% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BURONGA.
An average of 2 real estate transactions take place per month in BURONGA which translates to 24 per annum.
24 properties were sold in BURONGA in 2016, making it the 845th most active market in NSW based on total real estate transactions.
BURONGA, 2739 places 425th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.06% | N/A |
| Median 12 month | 48.25% | N/A |
| Median 3 years | 77.42% | N/A |
| Median 5 years | 150% | N/A |
| 10 years average annual | 13.59% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 47.1 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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