‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
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 $1,350,000.
The upward trend in home prices in BARDON, 4065 averaged 11.28% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.5% increase in returns based on the current median price in BARDON.
An average of 16.67 real estate transactions take place per month in BARDON which translates to 200 per annum.
200 properties were sold in BARDON in 2016, making it the 614th most active market in QLD based on total real estate transactions.
BARDON, 4065 places 550th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.54%||-1.95%|
|Median 3 years||33.83%||3.16%|
|Median 5 years||53.41%||18.37%|
|10 years average annual||6.56%||4.43%|
|Weekly media advert. rent||$650||$350|
|Time on Market||37.7 days||35.5 days|
|Gross Rental Yield Percent||2.5%||2.59%|