Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
A steady increase in median property prices over a five-year period in the suburb translates to a 21.91% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,085,000
The augmented property values in the suburb are trailing behind the territorial average of 2.4% in 2016.
Home owners selling their properties and realtors in CARBROOK usually have to wait an average of 104.0 days days before their assets are lifted off the market.
The QLD suburb ranks 842nd on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
It also places places 666th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,085,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.69% | N/A |
| Median 12 month | 0.93% | N/A |
| Median 3 years | 21.91% | N/A |
| Median 5 years | 50.69% | N/A |
| 10 years average annual | 9.16% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 104.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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