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In order to alleviate financial pressure, owners who are unable to pay levies due to job loss or tenants not paying rent because of the ongo...
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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 $995,000.
The upward trend in home prices in BARDON, 4065 averaged 3.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.14% increase in returns based on the current median price in BARDON.
An average of 16.25 real estate transactions take place per month in BARDON which translates to 195 per annum.
195 properties were sold in BARDON in 2016, making it the 543rd most active market in QLD based on total real estate transactions.
BARDON, 4065 places 172nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $995,000 | $610,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.58% | 1.67% |
| Median 12 month | -0.75% | -9.9% |
| Median 3 years | 11.48% | -5.43% |
| Median 5 years | 18.66% | 6.8% |
| 10 years average annual | 3.79% | 1.99% |
| Weekly media advert. rent | $600 | $400 |
| Time on Market | 59.9 days | 67.1 days |
| Gross Rental Yield Percent | 3.14% | 3.41% |
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