Investors Flock To QLD As Vacancy Rates Stay Ridiculously Low
Showcasing the popularity of Queensland as an investor haven, new investor loan commitments in the state reached $1.86 b...
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 $120,000.
The upward trend in home prices in LIGHTNING RIDGE, 2834 averaged 20% 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 LIGHTNING RIDGE.
An average of 4.42 real estate transactions take place per month in LIGHTNING RIDGE which translates to 53 per annum.
53 properties were sold in LIGHTNING RIDGE in 2016, making it the 362nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||60%||N/A|
|Median 5 years||100%||N/A|
|10 years average annual||17.08%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|