Melbourne overtakes Sydney as the busiest city for auctions
Melbourne was host to 894 auctions over the past week, overtaking Sydney as the busiest capital city for auctions. ...
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 $812,000.
The upward trend in home prices in MACKENZIE, 4156 averaged 0.82% per annum over a 3-year period.
Average weekly rents on listings have reached the $690 mark, reflecting a 4.42% increase in returns based on the current median price in MACKENZIE.
An average of 2.08 real estate transactions take place per month in MACKENZIE which translates to 25 per annum.
25 properties were sold in MACKENZIE in 2016, making it the 469th most active market in QLD based on total real estate transactions.
MACKENZIE, 4156 places 752nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $812,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.91% | N/A |
| Median 12 month | 3.44% | N/A |
| Median 3 years | 2.46% | N/A |
| Median 5 years | 9.73% | N/A |
| 10 years average annual | 2.77% | N/A |
| Weekly media advert. rent | $690 | N/A |
| Time on Market | 39.8 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
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