BARDON, 4065 ranks 1585th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.83% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $971,000.
The upward trend in home prices in BARDON, 4065 averaged 5.66% per annum over a 3-year period.
Average weekly rents on listings have reached the $577.5 mark, reflecting a 3.09% increase in returns based on the current median price in BARDON.
An average of 13.42 real estate transactions take place per month in BARDON which translates to 161 per annum.
161 properties were sold in BARDON in 2016, making it the 634th most active market in QLD based on total real estate transactions.
BARDON, 4065 places 131st in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $665,000.
Average median unit prices in QLD have risen as a whole, pulling BARDON, 4065 values up and netting property investors a capital gain of 15.45% for the past year.
Investors saw the median home price rise to $665,000.
The upward trend in home prices in BARDON, 4065 averaged 4.95% per annum over a 3-year period.
BARDON now ranks at the 19th 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 BARDON are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BARDON, homes and units usually stay on listing for an average of 74.4 days.
32 properties were sold in BARDON in 2016, making it the 158th most active market in QLD based on total real estate transactions.
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