Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
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 $502,500.
The upward trend in home prices in UPPER COOMERA, 4209 averaged 1.49% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 4.76% increase in returns based on the current median price in UPPER COOMERA.
An average of 42 real estate transactions take place per month in UPPER COOMERA which translates to 504 per annum.
504 properties were sold in UPPER COOMERA in 2016, making it the 255th most active market in QLD based on total real estate transactions.
UPPER COOMERA, 4209 places 526th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $502,500 | $345,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.11% | 1.62% |
| Median 12 month | 2.55% | 5.5% |
| Median 3 years | 4.47% | 1.77% |
| Median 5 years | 15.65% | 6.97% |
| 10 years average annual | 1.77% | 0.19% |
| Weekly media advert. rent | $460 | $400 |
| Time on Market | 54.1 days | 74.6 days |
| Gross Rental Yield Percent | 4.76% | 6.02% |
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
Australian first home buyers dominated the market in 2020, increasing their market share by 50.4 per cent in the past year. ...
The rate of workers returning to the office has decelerated nationwide, suggesting there is a long way to go to before Australia’s commerc...
The Victorian and NSW governments have announced new standards for apartment buildings, as both look to create greener buildings for resid...
Australia’s GDP has grown by 3.1 per cent during the December quarter, beating market expectations of a 2.5 per cent increase, official fi...
Get notifications in real-time for staying up to date with content that matters to you.
