Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
A steady increase in median property prices over a five-year period in the suburb translates to a 3.3% capital gain.
It 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 $797,500
The augmented property values in the suburb are trailing above the territorial average of 5.85% in 2016.
Home owners selling their properties and realtors in FORESTDALE usually have to wait an average of 103.9 days days before their assets are lifted off the market.
The QLD suburb ranks 913th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
It also places places 743rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.81%||N/A|
|Median 3 years||3.3%||N/A|
|Median 5 years||9.55%||N/A|
|10 years average annual||1.98%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||103.9 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|