Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Homeowners and real estate investors betting on KATHERINE SOUTH, 850 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 28.49%.
A steady increase in median property prices over a five-year period in the suburb translates to a N/A capital gain.
Property investors in KATHERINE SOUTH enjoyed capital gains of 28.49% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $322,500.
Home owners selling their properties and realtors in KATHERINE SOUTH usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 7.26% increase in returns based on the current median price in KATHERINE SOUTH.
KATHERINE SOUTH, 850 places 7th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.49%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||17.27%||N/A|
|10 years average annual||6.1%||7.22%|
|Weekly media advert. rent||$450||$360|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||7.26%||7.8%|