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 $410,000.
The upward trend in home prices in WATERFORD, 4133 averaged 2.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $402.5 mark, reflecting a 5.1% increase in returns based on the current median price in WATERFORD.
An average of 7.75 real estate transactions take place per month in WATERFORD which translates to 93 per annum.
93 properties were sold in WATERFORD in 2016, making it the 19th most active market in QLD based on total real estate transactions.
WATERFORD, 4133 places 408th in Australia based on median property value growth during the quarter.
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 $229,000.
Investors saw the median home price rise to $229,000.
The downward trend in home prices in WATERFORD, 4133 averaged -3.63% per annum over a 3-year period.
WATERFORD now ranks at the 50th 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 WATERFORD are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $325 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WATERFORD, homes and units usually stay on listing for an average of 164.3 days.
17 properties were sold in WATERFORD in 2016, making it the 186th most active market in QLD based on total real estate transactions.
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