RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Based on its average 5-year and quarterly capital gains SHORNCLIFFE, 4017 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that SHORNCLIFFE, 4017 obtained a 3.27% growth over a ten-year period. It ranks 2214th on our list of suburbs that property investors should look into.
SHORNCLIFFE, 4017 in QLD belongs to the local government area of Brisbane (C).
SHORNCLIFFE, 4017 has a capital gain of 15.31% for the past year, which is higher than average compared to its 25.56% growth within a five-year period.
With the median home price in SHORNCLIFFE sitting at $847,500, and the average rent at $610, property owners could potentially earn a 3.74% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SHORNCLIFFE are low, as opposed to average gains per annum over the past five years.
A 15.31% increase in median property prices in SHORNCLIFFE, 4017 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 73rd.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $847,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.5% | N/A |
| Median 12 month | 15.31% | N/A |
| Median 3 years | 13% | N/A |
| Median 5 years | 25.56% | N/A |
| 10 years average annual | 3.27% | N/A |
| Weekly media advert. rent | $610 | N/A |
| Time on Market | 63.7 days | N/A |
| Gross Rental Yield Percent | 3.74% | N/A |
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