How will the latest lockdowns impact Melbourne’s property market?
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
Property investments in MEADOWBROOK did not fare well against the rest of the country last year, registering a median home price decrease of -0.24%.
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 MEADOWBROOK, 4131 saw average growth in the long term.
Real estate investors could earn a rental income of $415 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 62.3 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 $421,000.
MEADOWBROOK ranks 297th on the list of best yielding suburbs for rental properties in QLD, posting a 5.13% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $421,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.94% | N/A |
| Median 12 month | -0.24% | N/A |
| Median 3 years | 1.38% | N/A |
| Median 5 years | 10.79% | N/A |
| 10 years average annual | 0.66% | N/A |
| Weekly media advert. rent | $415 | N/A |
| Time on Market | 62.3 days | N/A |
| Gross Rental Yield Percent | 5.13% | N/A |
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
In good news for Perth investors, experts are predicting a “major blowout” for rent prices in the capital city once the ban on rental in...
As Australia recovers from the effect of the COVID-19 outbreak, prices and sales are expected to rebound across property markets. How will P...
The Reserve Bank of Australia has announced its decision on the official cash rate for July amid speculation the central bank has reached th...
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
