Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
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 25.37% for the past year.
Investors saw the median home price rise to $1,028,000.
Profits due to an upward trend in home prices in the suburb averaged 6.28% per annum over a 3-year period.
DUTTON PARK now ranks at the 14th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $510 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 39.7 days.
In 2016, 19 properties were sold in DUTTON PARK during the past year, making it the 584th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25.37%||N/A|
|Median 3 years||18.84%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||10.64%||N/A|
|Weekly media advert. rent||$510||N/A|
|Time on Market||39.7 days||N/A|
|Gross Rental Yield Percent||2.58%||N/A|
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