Sydney, Melbourne boast highest capital city sales
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
VIRGINIA, 4014 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling VIRGINIA, 4014 values up and netting property investors a capital gain of 22.09% for the past year.
Investors saw the median home price rise to $720,000.
Profits due to an upward trend in home prices in the suburb averaged 8.05% per annum over a 3-year period.
VIRGINIA now ranks at the 61st 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 VIRGINIA 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 $500 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 VIRGINIA, homes and units usually stay on listing for an average of 44.8 days.
In 2016, 44 properties were sold in VIRGINIA during the past year, making it the 292nd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $720,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.92% | N/A |
| Median 12 month | 22.09% | N/A |
| Median 3 years | 24.14% | N/A |
| Median 5 years | 30.91% | N/A |
| 10 years average annual | 5.04% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 44.8 days | N/A |
| Gross Rental Yield Percent | 3.61% | N/A |
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