Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
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 $1,417,500.
Profits due to an upward trend in home prices in the suburb averaged 10.62% per annum over a 3-year period.
HAMILTON now ranks at the 427th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $600 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 71.2 days.
In 2016, 51 properties were sold in HAMILTON during the past year, making it the 246th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,417,500 | $473,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.97% | -3.56% |
| Median 12 month | -10.28% | -3.37% |
| Median 3 years | 31.86% | -12.03% |
| Median 5 years | -2.58% | -16.56% |
| 10 years average annual | 5.91% | 0.28% |
| Weekly media advert. rent | $600 | $410 |
| Time on Market | 71.2 days | 98.4 days |
| Gross Rental Yield Percent | 2.2% | 4.5% |
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