RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.65% capital gain.
It 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 $607,500
The augmented property values in the suburb are trailing behind the territorial average of 1.94% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in CLEVELAND usually have to wait an average of 76.0 days days before their assets are lifted off the market.
The QLD suburb ranks 542nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.11% return.
It also places places 277th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $607,500 | $405,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.67% | 1.25% |
| Median 12 month | 1.25% | 1.38% |
| Median 3 years | 5.65% | 0% |
| Median 5 years | 12.97% | -4.26% |
| 10 years average annual | 1.51% | 0.59% |
| Weekly media advert. rent | $480 | $392.5 |
| Time on Market | 76.0 days | 101.9 days |
| Gross Rental Yield Percent | 4.11% | 5.04% |
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Investors in Melbourne are currently experiencing lower rental yields but have not seen their investment fall steeply in value, new research...
A trident of developments over the coming months are set to “test” the resilience of the residential property market and threaten to dee...
Rentvesting is an ideal strategy for anyone looking to build their wealth but keep their living arrangements “fluid”, according to an in...
Victorians hoping to take up the federal HomeBuilder scheme will now have more time to do so, with the construction commencement time frame ...
The Reserve Bank of Australia (RBA) could stay on the sidelines as eastern states battle further outbreaks of COVID-19 with Victoria in lock...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
