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 have seen a 3.57% gain in WOODRIDGE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WOODRIDGE, 4114 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 11.25%.
Based on its average 5-year and quarterly capital gains WOODRIDGE, 4114 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 $311,500
Profits averaged 0.27% per annum over a 3-year period, due to an upward trend in home prices in WOODRIDGE, 4114.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in WOODRIDGE, 4114 is 5.51%.
An average of 15.33 real estate transactions take place per month in WOODRIDGE which translates to 184 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.25%||7.27%|
|Median 3 years||0.81%||-6.84%|
|Median 5 years||2.42%||-11.5%|
|10 years average annual||2.08%||-1.01%|
|Weekly media advert. rent||$330||$260|
|Time on Market||63.2 days||86.1 days|
|Gross Rental Yield Percent||5.51%||7.64%|