Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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 $280,000.
The downward trend in home prices in WALLERAWANG, 2845 averaged -8.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $367.5 mark, reflecting a 6.83% increase in returns based on the current median price in WALLERAWANG.
An average of 3.25 real estate transactions take place per month in WALLERAWANG which translates to 39 per annum.
39 properties were sold in WALLERAWANG in 2016, making it the 541st most active market in NSW based on total real estate transactions.
WALLERAWANG, 2845 places 1387th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-27.27%||N/A|
|Median 3 years||-25.33%||N/A|
|Median 5 years||-5%||N/A|
|10 years average annual||4.31%||N/A|
|Weekly media advert. rent||$367.5||N/A|
|Time on Market||85.5 days||N/A|
|Gross Rental Yield Percent||6.83%||N/A|