AREA REPORTS

Hope Island

 

 

QLD/
Hope island

Suburb Profile

Hope Island - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4212

house
unit

A 12.79% increase in median property prices in HOPE ISLAND, 4212 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 80th.

A steady increase in median property prices over a five-year period in the suburb translates to a 58.38% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $970,000

The augmented property values in the suburb are trailing above the territorial average of 1.87% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in HOPE ISLAND usually have to wait an average of 104.5 days days before their assets are lifted off the market.

The QLD suburb ranks 702nd on the list of best yielding suburbs for rental properties in QLD, posting a 3.48% return.

It also places places 99th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $970,000 $542,500
GROWTH REPORT
Median Quarterly 5.43% 0.46%
Median 12 month 12.79% 2.36%
Median 3 years 58.38% 0.46%
Median 5 years 94% 27.65%
10 years average annual 7.1% -1.43%
Weekly media advert. rent $650 $480
Time on Market 104.5 days 108.6 days
Gross Rental Yield Percent 3.48% 4.6%
demographics (median values)
Total Population
5394
Weekly Household Income
1336
Household Size
2.50
demographics
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