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1 MIN READCBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
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Rochedale SouthRochedale South - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $542,250.
The upward trend in home prices in ROCHEDALE SOUTH, 4123 averaged 1.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.03% increase in returns based on the current median price in ROCHEDALE SOUTH.
An average of 17.67 real estate transactions take place per month in ROCHEDALE SOUTH which translates to 212 per annum.
212 properties were sold in ROCHEDALE SOUTH in 2016, making it the 556th most active market in QLD based on total real estate transactions.
ROCHEDALE SOUTH, 4123 places 414th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $542,250 | $290,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.31% | -3.33% |
| Median 12 month | 5.29% | 1.75% |
| Median 3 years | 5.8% | 2.11% |
| Median 5 years | 17.88% | 3.57% |
| 10 years average annual | 2.79% | 0.2% |
| Weekly media advert. rent | $420 | $315 |
| Time on Market | 46.3 days | 92.0 days |
| Gross Rental Yield Percent | 4.03% | 5.65% |
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