4 Property Market Trends To Expect In 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
Property investors enjoyed capital gains of 39.85% over the last 12 months in MOUNT OMMANEY, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT OMMANEY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 31.03% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $772.25 based on current median home prices for the suburb.
On average, rents on listings have reached the $772.25 mark, reflecting a 3.33% increase in returns based on the current median price in MOUNT OMMANEY.
MOUNT OMMANEY, 4074 ranks 28th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 633rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.33% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||39.85%||N/A|
|Median 3 years||31.03%||N/A|
|Median 5 years||44.37%||N/A|
|10 years average annual||6.23%||N/A|
|Weekly media advert. rent||$772.25||N/A|
|Time on Market||54.7 days||N/A|
|Gross Rental Yield Percent||3.33%||N/A|