Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.64% capital gain.
Property investors in WOOLLOONGABBA enjoyed capital gains of 2.78% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $787,000.
Profits due to an upward trend in home prices there averaged 1.88% per annum over a 3-year period.
Home owners selling their properties and realtors in WOOLLOONGABBA usually have to wait an average of 46.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $492.5 mark, reflecting a 3.25% increase in returns based on the current median price in WOOLLOONGABBA.
WOOLLOONGABBA, 4102 places 640th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $787,000 | $391,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.48% | -2.73% |
| Median 12 month | 2.78% | -8.95% |
| Median 3 years | 5.64% | -24.71% |
| Median 5 years | 32.21% | -10.62% |
| 10 years average annual | 2.98% | -0.98% |
| Weekly media advert. rent | $492.5 | $430 |
| Time on Market | 46.8 days | 66.0 days |
| Gross Rental Yield Percent | 3.25% | 5.71% |
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...
One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...
Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...
Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...
Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...