Melbourne property ends 2020 with a $900k bang
For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $718,300.
The upward trend in home prices in WORONGARY, 4213 averaged 7.95% per annum over a 3-year period.
Average weekly rents on listings have reached the $560 mark, reflecting a 4.05% increase in returns based on the current median price in WORONGARY.
An average of 5.83 real estate transactions take place per month in WORONGARY which translates to 70 per annum.
70 properties were sold in WORONGARY in 2016, making it the 143rd most active market in QLD based on total real estate transactions.
WORONGARY, 4213 places 680th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $718,300 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.54% | N/A |
| Median 12 month | 6.02% | N/A |
| Median 3 years | 23.84% | N/A |
| Median 5 years | 29.42% | N/A |
| 10 years average annual | 3.4% | N/A |
| Weekly media advert. rent | $560 | N/A |
| Time on Market | 46.7 days | N/A |
| Gross Rental Yield Percent | 4.05% | N/A |
For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Get notifications in real-time for staying up to date with content that matters to you.
