Hot Property: The biggest stories this week
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Property investors enjoyed capital gains of 7.56% over the last 12 months in MANLY WEST, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 2.5% growth over a ten-year period. It ranks 2583rd on our list of suburbs that property investors should look into.
MANLY WEST, 4179 has a capital gain of 7.56% for the past year, which is higher than average compared to its 19.63% growth within a five-year period.
With the median home price in MANLY WEST sitting at $640,000, and the average rent at $490, property owners could potentially earn a 3.98% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MANLY WEST are low, as opposed to average gains per annum over the past five years.
MANLY WEST, 4179 in QLD belongs to the local government area of Brisbane (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $640,000 | $390,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.23% | -0.64% |
| Median 12 month | 7.56% | -1.27% |
| Median 3 years | 8.02% | -6.02% |
| Median 5 years | 19.63% | 5.41% |
| 10 years average annual | 2.5% | 0.47% |
| Weekly media advert. rent | $490 | $420 |
| Time on Market | 52.4 days | 85.0 days |
| Gross Rental Yield Percent | 3.98% | 5.6% |
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