Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $645,000.
The upward trend in home prices in NUDGEE, 4014 averaged 5.55% per annum over a 3-year period.
Average weekly rents on listings have reached the $540 mark, reflecting a 4.35% increase in returns based on the current median price in NUDGEE.
An average of 5.75 real estate transactions take place per month in NUDGEE which translates to 69 per annum.
69 properties were sold in NUDGEE in 2016, making it the 105th most active market in QLD based on total real estate transactions.
NUDGEE, 4014 places 489th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.05%||2%|
|Median 3 years||16.64%||5.14%|
|Median 5 years||25.24%||N/A|
|10 years average annual||7.15%||1.69%|
|Weekly media advert. rent||$540||$450|
|Time on Market||73.4 days||0.0 days|
|Gross Rental Yield Percent||4.35%||5.09%|