‘Devil’s in the details’: Senators scrutinise FHB scheme
A Coalition MP has revealed that the 10,000-loan cap for the government’s FHB scheme was designed to appease LMI providers, in the heat of...
CRESTMEAD, 4132 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 $332,000.
Profits due to an upward trend in home prices in the suburb averaged 2.37% per annum over a 3-year period.
CRESTMEAD now ranks at the 628th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CRESTMEAD are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $360 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CRESTMEAD, homes and units usually stay on listing for an average of 56.4 days.
In 2016, 180 properties were sold in CRESTMEAD during the past year, making it the 589th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $332,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.35% | N/A |
| Median 12 month | -1.19% | N/A |
| Median 3 years | 7.1% | N/A |
| Median 5 years | 20.29% | N/A |
| 10 years average annual | 1.19% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 56.4 days | N/A |
| Gross Rental Yield Percent | 5.64% | N/A |
A Coalition MP has revealed that the 10,000-loan cap for the government’s FHB scheme was designed to appease LMI providers, in the heat of...
Many investors are reluctant to consider a private lender, due to a number of misconceptions, according to a management and advisory firm. ...
Increasing home values, low mortgage and attractive rental yields have paved the way for more investment in the housing market. ...
New research has captured positive signs of growth in Adelaide’s CBD office market, presenting ample opportunity for investors looking to ...
Property owners in Queensland strata schemes have been advised to ensure their units are compliant with the state government’s smoke alarm...
Joining the list of emerging trends in today’s property market is renovation for short-term accommodation. How will this strategy affect t...
Get notifications in real-time for staying up to date with content that matters to you.