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...
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 $735,981.
The upward trend in home prices in TINGALPA, 4173 averaged 10.48% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.53% increase in returns based on the current median price in TINGALPA.
An average of 11.75 real estate transactions take place per month in TINGALPA which translates to 141 per annum.
141 properties were sold in TINGALPA in 2016, making it the 875th most active market in QLD based on total real estate transactions.
TINGALPA, 4173 places 313th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.07%||14.67%|
|Median 3 years||31.43%||23.92%|
|Median 5 years||42.91%||17.81%|
|10 years average annual||6.48%||2.57%|
|Weekly media advert. rent||$500||$390|
|Time on Market||18.3 days||20.0 days|
|Gross Rental Yield Percent||3.53%||4.72%|