OXLEY, 4075 ranks 2120th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.54% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $570,000.
The upward trend in home prices in OXLEY, 4075 averaged 5.76% per annum over a 3-year period.
Average weekly rents on listings have reached the $412.5 mark, reflecting a 3.76% increase in returns based on the current median price in OXLEY.
An average of 11.33 real estate transactions take place per month in OXLEY which translates to 136 per annum.
136 properties were sold in OXLEY in 2016, making it the 744th most active market in QLD based on total real estate transactions.
OXLEY, 4075 places 63rd in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $459,000.
Average median unit prices in QLD have risen as a whole, pulling OXLEY, 4075 values up and netting property investors a capital gain of 22.4% for the past year.
Investors saw the median home price rise to $459,000.
The upward trend in home prices in OXLEY, 4075 averaged 11.93% per annum over a 3-year period.
OXLEY now ranks at the th 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 OXLEY are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In OXLEY, homes and units usually stay on listing for an average of 108.0 days.
54 properties were sold in OXLEY in 2016, making it the 74th most active market in QLD based on total real estate transactions.
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