Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
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 $600,000.
The upward trend in home prices in OXLEY, 4075 averaged 3.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.9% increase in returns based on the current median price in OXLEY.
An average of 10.58 real estate transactions take place per month in OXLEY which translates to 127 per annum.
127 properties were sold in OXLEY in 2016, making it the 762nd most active market in QLD based on total real estate transactions.
OXLEY, 4075 places 155th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | $312,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.9% | -9.83% |
| Median 12 month | 5.26% | -10.86% |
| Median 3 years | 11.16% | -10.86% |
| Median 5 years | 22.45% | -10.22% |
| 10 years average annual | 3.2% | -1.2% |
| Weekly media advert. rent | $450 | $400 |
| Time on Market | 60.8 days | 135.1 days |
| Gross Rental Yield Percent | 3.9% | 6.67% |
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