Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
Property investors have seen a 0.11% gain in KURABY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KURABY, 4112 saw average growth in the long term.
The QLD 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 $693,500
Profits averaged 3.65% per annum over a 3-year period, due to an upward trend in home prices in KURABY, 4112.
This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
The gross rental yield in KURABY, 4112 is 3.45%.
An average of 8.42 real estate transactions take place per month in KURABY which translates to 101 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $693,500 | $295,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.11% | -1.67% |
| Median 12 month | 0.87% | -2.96% |
| Median 3 years | 10.96% | 0% |
| Median 5 years | 31.34% | 1.72% |
| 10 years average annual | 2.41% | 0.15% |
| Weekly media advert. rent | $460 | $365 |
| Time on Market | 60.5 days | 111.8 days |
| Gross Rental Yield Percent | 3.45% | 6.43% |
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