Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 11.27% capital gain.
It 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 $550,000
The augmented property values in the suburb are trailing above the territorial average of 2.4% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.
Home owners selling their properties and realtors in ARANA HILLS usually have to wait an average of 30.5 days days before their assets are lifted off the market.
The QLD suburb ranks 507th on the list of best yielding suburbs for rental properties in QLD, posting a 4.25% return.
It also places places 260th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $380,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.85% | 0.2% |
| Median 12 month | 3.77% | -1.1% |
| Median 3 years | 11.27% | 1.2% |
| Median 5 years | 25.28% | -1.49% |
| 10 years average annual | 2.45% | 1.29% |
| Weekly media advert. rent | $450 | $370 |
| Time on Market | 30.5 days | 42.6 days |
| Gross Rental Yield Percent | 4.25% | 5.05% |
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
The Queensland government is considering making it easier for tenants to own pets in a rental property, but some think the changes could be ...
New legislation has passed in NSW parliament that allows for residential agreements to be signed and witnessed electronically, but thereâ...
More than 75 per cent of properties that sold over the three months to October were less than their original purchase price, new data reveal...
While the Australian property market remains far from a cataclysmic fall, economist Dr Andrew Wilson believes that fundamental changes will ...
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...