ACT Reports Progress Of ‘Better Suburbs’
The ACT government has delivered an update on its “Better Suburbs” plan, detailing the headway that has been made to...
EATONS HILL, 4037 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling EATONS HILL, 4037 values up and netting property investors a capital gain of 14.51% for the past year.
Investors saw the median home price rise to $730,000.
Profits due to an upward trend in home prices in the suburb averaged 7.22% per annum over a 3-year period.
EATONS HILL now ranks at the 549th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EATONS HILL are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $560 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EATONS HILL, homes and units usually stay on listing for an average of 22.9 days.
In 2016, 152 properties were sold in EATONS HILL during the past year, making it the 782nd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.51%||N/A|
|Median 3 years||21.67%||N/A|
|Median 5 years||25.11%||N/A|
|10 years average annual||3.48%||N/A|
|Weekly media advert. rent||$560||N/A|
|Time on Market||22.9 days||N/A|
|Gross Rental Yield Percent||3.99%||N/A|