Regional town remains resilient despite COVID-19
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
Property investments in WESTLAKE did not fare well against the rest of the country last year, registering a median home price decrease of -2%.
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 $570 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 74.0 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 $735,000.
WESTLAKE ranks 594th on the list of best yielding suburbs for rental properties in QLD, posting a 4.03% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $735,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.34% | N/A |
| Median 12 month | -2% | N/A |
| Median 3 years | 3.23% | N/A |
| Median 5 years | 17.6% | N/A |
| 10 years average annual | 2.54% | N/A |
| Weekly media advert. rent | $570 | N/A |
| Time on Market | 74.0 days | N/A |
| Gross Rental Yield Percent | 4.03% | N/A |
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...
Millennials aren’t all that interested in building a property portfolio, according to new research. ...
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...
Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...
While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
