Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 6.7% capital gain.
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 $597,500.
Profits due to an upward trend in home prices there averaged 2.23% per annum over a 3-year period.
Home owners selling their properties and realtors in MUNRUBEN usually have to wait an average of 93.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $515 mark, reflecting a 4.48% increase in returns based on the current median price in MUNRUBEN.
MUNRUBEN, 4125 places 435th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $597,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.42% | N/A |
| Median 12 month | -1.65% | N/A |
| Median 3 years | 6.7% | N/A |
| Median 5 years | 18.32% | N/A |
| 10 years average annual | 1.68% | N/A |
| Weekly media advert. rent | $515 | N/A |
| Time on Market | 93.1 days | N/A |
| Gross Rental Yield Percent | 4.48% | N/A |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
