Why it pays to have a principal and interest loan
Owner-occupiers who are paying principal and interest on their mortgage are being rewarded by the financial institutions with a lower intere...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $952,000.
The upward trend in home prices in COORPAROO, 4151 averaged 4% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 2.84% increase in returns based on the current median price in COORPAROO.
An average of 14.83 real estate transactions take place per month in COORPAROO which translates to 178 per annum.
178 properties were sold in COORPAROO in 2016, making it the 616th most active market in QLD based on total real estate transactions.
COORPAROO, 4151 places 508th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $952,000 | $371,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.63% | -0.84% |
| Median 12 month | 11.28% | 0.07% |
| Median 3 years | 12% | -13.22% |
| Median 5 years | 25.93% | -6.26% |
| 10 years average annual | 3.38% | 0.04% |
| Weekly media advert. rent | $520 | $370 |
| Time on Market | 53.9 days | 60.1 days |
| Gross Rental Yield Percent | 2.84% | 5.19% |
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