Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
A steady increase in median property prices over a five-year period in the suburb translates to a 14.29% capital gain.
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 $800,000.
Profits due to an upward trend in home prices there averaged 4.76% per annum over a 3-year period.
Home owners selling their properties and realtors in WOOLLOONGABBA usually have to wait an average of 60.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.99% 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 | $800,000 | $447,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.08% | 0.45% |
| Median 12 month | -0.37% | -1.11% |
| Median 3 years | 14.29% | -7.84% |
| Median 5 years | 42.54% | 4.32% |
| 10 years average annual | 3.76% | 0.68% |
| Weekly media advert. rent | $460 | $450 |
| Time on Market | 60.8 days | 98.8 days |
| Gross Rental Yield Percent | 2.99% | 5.23% |
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