Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
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 $627,000.
Average weekly rents on listings have reached the $650 mark, reflecting a 5.39% increase in returns based on the current median price in MARRARA.
An average of 1.25 real estate transactions take place per month in MARRARA which translates to 15 per annum.
15 properties were sold in MARRARA in 2016, making it the 46th most active market in NT based on total real estate transactions.
MARRARA, 812 places 35th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $627,000 | $293,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.69% | -0.34% |
| Median 12 month | N/A | -18.33% |
| Median 3 years | N/A | -23.9% |
| Median 5 years | -17.66% | -31.46% |
| 10 years average annual | N/A | 0.2% |
| Weekly media advert. rent | $650 | $360 |
| Time on Market | 89.0 days | 80.0 days |
| Gross Rental Yield Percent | 5.39% | 6.39% |
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