Vacancy rates hold steady
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
Property investors have seen a 3.01% gain in WAVELL HEIGHTS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.
The QLD suburb 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 $740,000
Profits averaged 4.07% per annum over a 3-year period, due to an upward trend in home prices in WAVELL HEIGHTS, 4012.
This means, real estate investors could earn a rental income of $490 based on current median home prices for the suburb.
The gross rental yield in WAVELL HEIGHTS, 4012 is 3.44%.
An average of 16.83 real estate transactions take place per month in WAVELL HEIGHTS which translates to 202 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $740,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.01% | N/A |
| Median 12 month | 5.34% | N/A |
| Median 3 years | 12.21% | N/A |
| Median 5 years | 20.03% | N/A |
| 10 years average annual | 3.97% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 59.8 days | N/A |
| Gross Rental Yield Percent | 3.44% | N/A |
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