Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $380,000.
The downward trend in home prices in YARRABILBA, 4207 averaged -1.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 5.06% increase in returns based on the current median price in YARRABILBA.
An average of 12.83 real estate transactions take place per month in YARRABILBA which translates to 154 per annum.
154 properties were sold in YARRABILBA in 2016, making it the 727th most active market in QLD based on total real estate transactions.
YARRABILBA, 4207 places 701st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.3%||N/A|
|Median 3 years||-4.5%||N/A|
|Median 5 years||-3.8%||N/A|
|10 years average annual||0.62%||N/A|
|Weekly media advert. rent||$370||N/A|
|Time on Market||135.8 days||N/A|
|Gross Rental Yield Percent||5.06%||N/A|