Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors have seen a 3.13% gain in MUIRHEAD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MUIRHEAD, 810 saw average growth in the long term.
The NT 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 $626,500
Profits averaged -1.21% per annum over a 3-year period, due to an downward trend in home prices in MUIRHEAD, 810.
This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
The gross rental yield in MUIRHEAD, 810 is 4.98%.
An average of 2.83 real estate transactions take place per month in MUIRHEAD which translates to 34 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $626,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.13% | N/A |
| Median 12 month | 7.09% | N/A |
| Median 3 years | -3.62% | N/A |
| Median 5 years | -15.05% | N/A |
| 10 years average annual | -3.2% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 89.2 days | N/A |
| Gross Rental Yield Percent | 4.98% | N/A |
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