Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
DUTTON PARK, 4102 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling DUTTON PARK, 4102 values up and netting property investors a capital gain of 25% for the past year.
Investors saw the median home price rise to $1,250,000.
Profits due to an upward trend in home prices in the suburb averaged 7.2% per annum over a 3-year period.
DUTTON PARK now ranks at the 641st 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 DUTTON PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $592.5 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DUTTON PARK, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 21 properties were sold in DUTTON PARK during the past year, making it the 615th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25%||N/A|
|Median 3 years||21.6%||N/A|
|Median 5 years||33.33%||-18.41%|
|10 years average annual||5.97%||2.82%|
|Weekly media advert. rent||$592.5||$415|
|Time on Market||0.0 days||63.0 days|
|Gross Rental Yield Percent||2.46%||6.17%|