Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors enjoyed capital gains of 11.3% over the last 12 months in TARRAGINDI, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 4.86% growth over a ten-year period. It ranks 2133rd on our list of suburbs that property investors should look into.
TARRAGINDI, 4121 has a capital gain of 11.3% for the past year, which is higher than average compared to its 27.08% growth within a five-year period.
With the median home price in TARRAGINDI sitting at $915,000, and the average rent at $540, property owners could potentially earn a 3.07% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TARRAGINDI are low, as opposed to average gains per annum over the past five years.
TARRAGINDI, 4121 in QLD belongs to the local government area of Brisbane (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.3%||N/A|
|Median 3 years||17.76%||19.25%|
|Median 5 years||27.08%||33.33%|
|10 years average annual||4.86%||6.52%|
|Weekly media advert. rent||$540||$330|
|Time on Market||31.4 days||0.0 days|
|Gross Rental Yield Percent||3.07%||3.01%|