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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 $340,000.
The upward trend in home prices in BEENLEIGH, 4207 averaged 0.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 5.35% increase in returns based on the current median price in BEENLEIGH.
An average of 10.75 real estate transactions take place per month in BEENLEIGH which translates to 129 per annum.
129 properties were sold in BEENLEIGH in 2016, making it the 715th most active market in QLD based on total real estate transactions.
BEENLEIGH, 4207 places 282nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.42%||-1.28%|
|Median 3 years||1.49%||-9.41%|
|Median 5 years||9.68%||-7%|
|10 years average annual||0.58%||-1.4%|
|Weekly media advert. rent||$350||$280|
|Time on Market||73.2 days||86.4 days|
|Gross Rental Yield Percent||5.35%||7.56%|