BARDON, 4065 ranks 2473rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.73% 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 $1,942,500.
The upward trend in home prices in BARDON, 4065 averaged 6.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $850 mark, reflecting a 2.28% increase in returns based on the current median price in BARDON.
An average of 14.58 real estate transactions take place per month in BARDON which translates to 175 per annum.
175 properties were sold in BARDON in 2016, making it the 680th most active market in QLD based on total real estate transactions.
BARDON, 4065 places 799th 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 $1,150,000.
Average median unit prices in QLD have risen as a whole, pulling BARDON, 4065 values up and netting property investors a capital gain of 31.88% for the past year.
Investors saw the median home price rise to $1,150,000.
The upward trend in home prices in BARDON, 4065 averaged 19.54% per annum over a 3-year period.
BARDON now ranks at the 44th 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 low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $595 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 31.6 days.
41 properties were sold in BARDON in 2016, making it the 121st most active market in QLD based on total real estate transactions.