Melbourne makes comeback with auction resurgence
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
A steady increase in median property prices over a five-year period in the suburb translates to a -0.4% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,235,000
The augmented property values in the suburb are trailing behind the territorial average of 6.97% in 2016.
Home owners selling their properties and realtors in EAST KURRAJONG usually have to wait an average of 106.7 days days before their assets are lifted off the market.
The NSW suburb ranks 1180th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
It also places places 535th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,235,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.92% | N/A |
| Median 12 month | 4.22% | N/A |
| Median 3 years | -0.4% | N/A |
| Median 5 years | 29.32% | N/A |
| 10 years average annual | 6.53% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 106.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
Regional markets have shown impressive long-term returns over 2020, in what has been a rather tumultuous year for the rest of the real estat...
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of A...
With investors eager to pursue opportunities post-pandemic, experts warn that plenty of risks still remain. ...
Dwelling unit commencements have continued to fall but the bright spot has been new private sector houses, figures have shown. ...
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
Get notifications in real-time for staying up to date with content that matters to you.
