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1 MIN READCBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
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New FarmNew Farm - SUBURB PROFILE REPORT
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The suburb’s capital gain of 19.68% for the past year is higher than average compared to its 30.18% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,855,000, and the average rent at $742.5, this suggests property owners could potentially earn a 2.08% increase in gross rental yield.
Property investors have seen a 4.07% gain in NEW FARM based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on NEW FARM, 4005 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 19.68%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.81% growth over a ten-year period. It ranks 1718th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,855,000 | $627,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.07% | -0.4% |
| Median 12 month | 19.68% | 8.66% |
| Median 3 years | 27.49% | 7.26% |
| Median 5 years | 30.18% | 9.13% |
| 10 years average annual | 4.81% | 1.87% |
| Weekly media advert. rent | $742.5 | $405 |
| Time on Market | 64.8 days | 63.5 days |
| Gross Rental Yield Percent | 2.08% | 3.36% |
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