Wage subsidy to ‘relieve financial pressure’ for tenants and landlords
The federal government’s recent JobKeeper wage subsidy is set to significantly help relieve rental and mortgage stress, according to the P...
Property investors have seen a 0.83% gain in UPPER MOUNT GRAVATT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains UPPER MOUNT GRAVATT, 4122 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 $605,000
Profits averaged -0.81% per annum over a 3-year period, due to an downward trend in home prices in UPPER MOUNT GRAVATT, 4122.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in UPPER MOUNT GRAVATT, 4122 is 3.7%.
An average of 8.5 real estate transactions take place per month in UPPER MOUNT GRAVATT which translates to 102 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $605,000 | $382,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.83% | 0% |
| Median 12 month | -6.92% | 1.73% |
| Median 3 years | -2.42% | -19.83% |
| Median 5 years | 11.01% | -20.07% |
| 10 years average annual | 3.07% | 0.89% |
| Weekly media advert. rent | $430 | $440 |
| Time on Market | 54.0 days | 117.7 days |
| Gross Rental Yield Percent | 3.7% | 5.99% |
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