Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 0.33% 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 $757,500.
Profits due to an upward trend in home prices there averaged 0.11% per annum over a 3-year period.
Home owners selling their properties and realtors in WOOLLOONGABBA usually have to wait an average of 54.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.3% increase in returns based on the current median price in WOOLLOONGABBA.
WOOLLOONGABBA, 4102 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $757,500 | $415,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0% |
| Median 12 month | -3.75% | 2.85% |
| Median 3 years | 0.33% | -7.98% |
| Median 5 years | 14.77% | -2.92% |
| 10 years average annual | 2.65% | -0.02% |
| Weekly media advert. rent | $480 | $440 |
| Time on Market | 54.1 days | 114.3 days |
| Gross Rental Yield Percent | 3.3% | 5.51% |
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
COVID-19 has changed the way Australians live, work and play, and the effects are set to stick with us for years to come. ...
As the world adapts to a “new normal” following the COVID-19 outbreak, find out how the Melbourne property market will fare in the comin...
In a positive sign for property markets, Australians are looking to cut their spending rather than sell investment properties to manage the ...
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
In good news for Perth investors, experts are predicting a “major blowout” for rent prices in the capital city once the ban on rental in...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
