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Bracken RidgeBracken Ridge - SUBURB PROFILE REPORT
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Property investors have seen a 1.18% gain in BRACKEN RIDGE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BRACKEN RIDGE, 4017 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $516,000
Profits averaged 1.31% per annum over a 3-year period, due to an upward trend in home prices in BRACKEN RIDGE, 4017.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in BRACKEN RIDGE, 4017 is 4.53%.
An average of 20.75 real estate transactions take place per month in BRACKEN RIDGE which translates to 249 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $516,000 | $315,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.18% | 1.61% |
| Median 12 month | 4.24% | 0% |
| Median 3 years | 3.93% | -1.56% |
| Median 5 years | 14.67% | -3.96% |
| 10 years average annual | 2.15% | -1.12% |
| Weekly media advert. rent | $450 | $380 |
| Time on Market | 44.9 days | 81.1 days |
| Gross Rental Yield Percent | 4.53% | 6.27% |
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