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Property investors have seen a 4.5% 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 $650,000
Profits averaged 0.53% per annum over a 3-year period, due to an upward trend in home prices in UPPER MOUNT GRAVATT, 4122.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in UPPER MOUNT GRAVATT, 4122 is 3.36%.
An average of 8.17 real estate transactions take place per month in UPPER MOUNT GRAVATT which translates to 98 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $386,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.5% | 2.52% |
| Median 12 month | 5.78% | 6.48% |
| Median 3 years | 1.59% | -14.22% |
| Median 5 years | 13.04% | -16.21% |
| 10 years average annual | 3.57% | 0.22% |
| Weekly media advert. rent | $420 | $450 |
| Time on Market | 47.4 days | 117.4 days |
| Gross Rental Yield Percent | 3.36% | 6.06% |
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