Melbourne overtakes Sydney as the busiest city for auctions
Melbourne was host to 894 auctions over the past week, overtaking Sydney as the busiest capital city for auctions. ...
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 $418,000.
The upward trend in home prices in LOGANHOLME, 4129 averaged 1.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.98% increase in returns based on the current median price in LOGANHOLME.
An average of 9.25 real estate transactions take place per month in LOGANHOLME which translates to 111 per annum.
111 properties were sold in LOGANHOLME in 2016, making it the 858th most active market in QLD based on total real estate transactions.
LOGANHOLME, 4129 places 303rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $418,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.39% | N/A |
| Median 12 month | 7.18% | N/A |
| Median 3 years | 3.21% | N/A |
| Median 5 years | 10.29% | N/A |
| 10 years average annual | 1.01% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 60.4 days | N/A |
| Gross Rental Yield Percent | 4.98% | N/A |
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