Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
Property investors enjoyed capital gains of 15.65% over the last 12 months in GEEBUNG, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 5.1% growth over a ten-year period. It ranks 1998th on our list of suburbs that property investors should look into.
GEEBUNG, 4034 has a capital gain of 15.65% for the past year, which is higher than average compared to its 30.39% growth within a five-year period.
With the median home price in GEEBUNG sitting at $665,000, and the average rent at $475, property owners could potentially earn a 3.71% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GEEBUNG are low, as opposed to average gains per annum over the past five years.
GEEBUNG, 4034 in QLD belongs to the local government area of Brisbane (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.65%||N/A|
|Median 3 years||22%||N/A|
|Median 5 years||30.39%||N/A|
|10 years average annual||5.1%||N/A|
|Weekly media advert. rent||$475||N/A|
|Time on Market||34.3 days||N/A|
|Gross Rental Yield Percent||3.71%||N/A|