Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 3.21% gain in KANGAROO POINT based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KANGAROO POINT, 4169 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 49.77%.
Based on its average 5-year and quarterly capital gains KANGAROO POINT, 4169 saw average growth in the long term.
The QLD 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 $1,610,000
Profits averaged 24.37% per annum over a 3-year period, due to an upward trend in home prices in KANGAROO POINT, 4169.
This means, real estate investors could earn a rental income of $597.5 based on current median home prices for the suburb.
The gross rental yield in KANGAROO POINT, 4169 is 1.93%.
An average of 2.67 real estate transactions take place per month in KANGAROO POINT which translates to 32 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||49.77%||8%|
|Median 3 years||73.12%||2.66%|
|Median 5 years||78.89%||2.86%|
|10 years average annual||9.34%||2.09%|
|Weekly media advert. rent||$597.5||$475|
|Time on Market||0.0 days||64.4 days|
|Gross Rental Yield Percent||1.93%||4.57%|