Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
Based on its average 5-year and quarterly capital gains MOUNT GRAVATT EAST, 4122 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MOUNT GRAVATT EAST, 4122 obtained a 5.37% growth over a ten-year period. It ranks 1885th on our list of suburbs that property investors should look into.
MOUNT GRAVATT EAST, 4122 in QLD belongs to the local government area of Brisbane (C).
MOUNT GRAVATT EAST, 4122 has a capital gain of 19.61% for the past year, which is higher than average compared to its 30.04% growth within a five-year period.
With the median home price in MOUNT GRAVATT EAST sitting at $771,500, and the average rent at $475, property owners could potentially earn a 3.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT GRAVATT EAST are high, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.61%||4.55%|
|Median 3 years||17.61%||5.18%|
|Median 5 years||30.04%||-3%|
|10 years average annual||5.37%||1.25%|
|Weekly media advert. rent||$475||$400|
|Time on Market||38.5 days||49.9 days|
|Gross Rental Yield Percent||3.2%||4.77%|