Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Property investors have seen a 0% gain in WOODRIDGE based on an increase in median home prices for the past three months.
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 $280,000
Profits averaged -2.22% per annum over a 3-year period, due to an downward trend in home prices in WOODRIDGE, 4114.
This means, real estate investors could earn a rental income of $315 based on current median home prices for the suburb.
The gross rental yield in WOODRIDGE, 4114 is 5.85%.
An average of 8.08 real estate transactions take place per month in WOODRIDGE which translates to 97 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $280,000 | $165,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 3.44% |
| Median 12 month | -4.6% | 0.3% |
| Median 3 years | -6.67% | -18.47% |
| Median 5 years | 0% | -12.43% |
| 10 years average annual | 0.48% | -2.76% |
| Weekly media advert. rent | $315 | $250 |
| Time on Market | 94.8 days | 120.5 days |
| Gross Rental Yield Percent | 5.85% | 7.85% |
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