Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
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 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%|