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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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Bracken RidgeBracken Ridge - SUBURB PROFILE REPORT
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Property investors have seen a 4.92% gain in BRACKEN RIDGE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BRACKEN RIDGE, 4017 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 25.19%.
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 $661,000
Profits averaged 11.18% 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 $505 based on current median home prices for the suburb.
The gross rental yield in BRACKEN RIDGE, 4017 is 3.97%.
An average of 27.67 real estate transactions take place per month in BRACKEN RIDGE which translates to 332 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $661,000 | $340,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.92% | 3.98% |
| Median 12 month | 25.19% | 7.85% |
| Median 3 years | 33.54% | 8.28% |
| Median 5 years | 36.99% | -0.29% |
| 10 years average annual | 5.37% | -0.14% |
| Weekly media advert. rent | $505 | $390 |
| Time on Market | 16.8 days | 55.1 days |
| Gross Rental Yield Percent | 3.97% | 5.96% |
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