Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
HAMILTON, 4007 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 $1,300,000.
Profits due to an upward trend in home prices in the suburb averaged 4.93% per annum over a 3-year period.
HAMILTON now ranks at the 766th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in HAMILTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $595 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HAMILTON, homes and units usually stay on listing for an average of 91.9 days.
In 2016, 44 properties were sold in HAMILTON during the past year, making it the 282nd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,300,000 | $490,000 |
| GROWTH REPORT | ||
| Median Quarterly | -7.14% | -3.35% |
| Median 12 month | 0% | -10.91% |
| Median 3 years | 14.79% | -11.31% |
| Median 5 years | 0% | -1.01% |
| 10 years average annual | 2.08% | 1.04% |
| Weekly media advert. rent | $595 | $415 |
| Time on Market | 91.9 days | 101.5 days |
| Gross Rental Yield Percent | 2.38% | 4.4% |
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Ever wondered what amount of rent landlords are charging in other capital cities? New research has the answer. ...
Strong clearance rates have not attracted new sellers, with property listings over the past 28 days falling to its lowest October level sinc...
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
Get notifications in real-time for staying up to date with content that matters to you.