Property investors have seen a 1.62% 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 $503,000
Profits averaged 6.59% 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 $437.5 based on current median home prices for the suburb.
The gross rental yield in BRACKEN RIDGE, 4017 is 4.52%.
An average of 21.25 real estate transactions take place per month in BRACKEN RIDGE which translates to 255 per annum.
Property investments in BRACKEN RIDGE did not fare well against the rest of the country last year, registering a median home price decrease of -8.06%.
Figures from the previous quarter show that capital gains for real estate buyers in BRACKEN RIDGE are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BRACKEN RIDGE, homes and units usually stay on listing for an average of 78.3 days.
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 $336,500
Investors saw the median home price rise to $336,500.
BRACKEN RIDGE ranks 116th on the list of best yielding suburbs for rental properties in QLD, posting a 5.64% return.
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