The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
MIDDLE PARK, 4074 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling MIDDLE PARK, 4074 values up and netting property investors a capital gain of 3.36% for the past year.
Investors saw the median home price rise to $630,500.
Profits due to an upward trend in home prices in the suburb averaged 3.15% per annum over a 3-year period.
MIDDLE PARK now ranks at the 427th 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 MIDDLE PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $490 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MIDDLE PARK, homes and units usually stay on listing for an average of 54.6 days.
In 2016, 71 properties were sold in MIDDLE PARK during the past year, making it the 106th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.08% | N/A |
| Median 12 month | 3.36% | N/A |
| Median 3 years | 9.46% | N/A |
| Median 5 years | 23.63% | N/A |
| 10 years average annual | 2.6% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 54.6 days | N/A |
| Gross Rental Yield Percent | 4.04% | N/A |
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
A research analyst has analysed the last three decades of value rises and declines and has made a conclusion that he called “unprecedented...
The release of new data by the ABS about an increase in Australia’s population highlights the need for further supply to be built, accordi...
You have a responsibility owning property: number one to yourself, to make sure that the asset is performing as well as possible; and number...
Infrastructure has always been cited as a main indicator of potential capital growth for investment properties — how exactly do existing a...
The current property market is seeing a boost of confidence following recent political and financial moves. If investors what to stand out i...
Get notifications in real-time for staying up to date with content that matters to you.