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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $970,000.
Average weekly rents on listings have reached the $475 mark, reflecting a 2.55% increase in returns based on the current median price in TENNYSON.
An average of 1 real estate transactions take place per month in TENNYSON which translates to 12 per annum.
12 properties were sold in TENNYSON in 2016, making it the 938th most active market in QLD based on total real estate transactions.
TENNYSON, 4105 places 9th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.41%||-4.35%|
|Median 3 years||N/A||-10.2%|
|Median 5 years||52.16%||11.11%|
|10 years average annual||17.45%||3.09%|
|Weekly media advert. rent||$475||N/A|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.55%||N/A|