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2 MIN READAustralia Heads Towards An Apartment Drought
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RockleaRocklea - SUBURB PROFILE REPORT
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Property investors have seen a -5.62% drop in ROCKLEA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ROCKLEA, 4106 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $420,000
Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in ROCKLEA, 4106.
This means, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in ROCKLEA, 4106 is 4.64%.
An average of 1.92 real estate transactions take place per month in ROCKLEA which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $420,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.62% | N/A |
| Median 12 month | 2.44% | N/A |
| Median 3 years | 0% | N/A |
| Median 5 years | 9.09% | N/A |
| 10 years average annual | 3.15% | N/A |
| Weekly media advert. rent | $375 | N/A |
| Time on Market | 83.5 days | N/A |
| Gross Rental Yield Percent | 4.64% | N/A |
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