Property Market Update: Brisbane, May 2022
Brisbane remained steadfast in delivering solid gains during the last month of autumn, rising above other capital market...
CRESTMEAD, 4132 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling CRESTMEAD, 4132 values up and netting property investors a capital gain of 24.26% for the past year.
Investors saw the median home price rise to $420,000.
Profits due to an upward trend in home prices in the suburb averaged 8.84% per annum over a 3-year period.
CRESTMEAD now ranks at the 273rd 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $380 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 28.9 days.
In 2016, 302 properties were sold in CRESTMEAD during the past year, making it the 423rd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.26%||N/A|
|Median 3 years||26.51%||N/A|
|Median 5 years||31.25%||N/A|
|10 years average annual||4.37%||N/A|
|Weekly media advert. rent||$380||$310|
|Time on Market||28.9 days||0.0 days|
|Gross Rental Yield Percent||4.7%||2.99%|