Housing costs drop to 10-year low
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $860,000
The augmented property values in the suburb are trailing behind the territorial average of 0.76% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $516.5.
Home owners selling their properties and realtors in FORTITUDE VALLEY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The QLD suburb ranks 754th on the list of best yielding suburbs for rental properties in QLD, posting a 3.12% return.
It also places places 7th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $860,000 | $380,000 |
| GROWTH REPORT | ||
| Median Quarterly | 19.44% | 0.13% |
| Median 12 month | -2.27% | 0.53% |
| Median 3 years | -36.72% | -13.83% |
| Median 5 years | N/A | -13.25% |
| 10 years average annual | -2.27% | -0.34% |
| Weekly media advert. rent | $516.5 | $420 |
| Time on Market | 0.0 days | 98.6 days |
| Gross Rental Yield Percent | 3.12% | 5.75% |
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
New analysis by Propertyology has identified the capital cities where changing rental markets are prospering – and where they aren’t. ...
Upcoming auction activity is forecast to increase across the combined capital cities this weekend. What will be the busiest suburbs? ...
New figures showing Queensland has the highest unemployment rate will undermine property investment confidence in the sunshine state, accord...
A growing number of regions are reporting rental prices that are on par with mortgage repayments, reigniting the age-old question of whether...
Property investment is one of the biggest financial commitments anyone can make. As such, aspiring investors must be equipped with the knowl...
Get notifications in real-time for staying up to date with content that matters to you.