4 Things Borrowers Can Do With An Increase In Equity
Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
Property investors enjoyed capital gains of 12.2% over the last 12 months in FAIRFIELD, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 4.08% growth over a ten-year period. It ranks 2475th on our list of suburbs that property investors should look into.
FAIRFIELD, 4103 has a capital gain of 12.2% for the past year, which is higher than average compared to its 26.74% growth within a five-year period.
With the median home price in FAIRFIELD sitting at $855,500, and the average rent at $522.5, property owners could potentially earn a 3.18% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FAIRFIELD are low, as opposed to average gains per annum over the past five years.
FAIRFIELD, 4103 in QLD belongs to the local government area of Brisbane (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.2%||5.4%|
|Median 3 years||20.94%||4.32%|
|Median 5 years||26.74%||4.86%|
|10 years average annual||4.08%||1.84%|
|Weekly media advert. rent||$522.5||$377.5|
|Time on Market||34.3 days||66.7 days|
|Gross Rental Yield Percent||3.18%||4.28%|