Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
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 $545,000.
The upward trend in home prices in HEMMANT, 4174 averaged 3.37% per annum over a 3-year period.
Average weekly rents on listings have reached the $515 mark, reflecting a 4.91% increase in returns based on the current median price in HEMMANT.
An average of 3.42 real estate transactions take place per month in HEMMANT which translates to 41 per annum.
41 properties were sold in HEMMANT in 2016, making it the 302nd most active market in QLD based on total real estate transactions.
HEMMANT, 4174 places 844th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.68%||N/A|
|Median 3 years||10.1%||N/A|
|Median 5 years||23.3%||N/A|
|10 years average annual||2.67%||N/A|
|Weekly media advert. rent||$515||N/A|
|Time on Market||29.3 days||N/A|
|Gross Rental Yield Percent||4.91%||N/A|