Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
Property investments in PARK RIDGE SOUTH did not fare well against the rest of the country last year, registering a median home price decrease of -0.86%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains PARK RIDGE SOUTH, 4125 saw average growth in the long term.
Real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $575,000.
PARK RIDGE SOUTH ranks 412th on the list of best yielding suburbs for rental properties in QLD, posting a 4.7% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.88% | N/A |
| Median 12 month | -0.86% | N/A |
| Median 3 years | 8.49% | N/A |
| Median 5 years | 19.79% | N/A |
| 10 years average annual | 1.88% | N/A |
| Weekly media advert. rent | $520 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.7% | N/A |
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