Housing costs drop to 10-year low
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Based on its average 5-year and quarterly capital gains NEWSTEAD, 4006 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in NEWSTEAD, 4006 averaged 0.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.18% increase in returns based on the current median price in NEWSTEAD.
An average of 9.42 real estate transactions take place per month in NEWSTEAD which translates to 113 per annum.
113 properties were sold in NEWSTEAD during the past year, making it the 304th most active market in QLD based on total real estate transactions.
NEWSTEAD, 4006 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $622,500 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0% |
| Median 12 month | N/A | -6.04% |
| Median 3 years | N/A | 2.13% |
| Median 5 years | N/A | 8.26% |
| 10 years average annual | N/A | 2.85% |
| Weekly media advert. rent | N/A | $500 |
| Time on Market | N/A | 90.1 days |
| Gross Rental Yield Percent | N/A | 4.18% |
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