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1 MIN READREIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
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WestlakeWestlake - SUBURB PROFILE REPORT
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Property investments in WESTLAKE fare well against the rest of the country last year, registering a median home price increase of 17.06%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WESTLAKE, 4074 saw average growth in the long term.
Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 30.4 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $875,000.
WESTLAKE ranks 563rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.57% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $875,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.11% | N/A |
| Median 12 month | 17.06% | N/A |
| Median 3 years | 18.16% | N/A |
| Median 5 years | 30.79% | N/A |
| 10 years average annual | 4.25% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 30.4 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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