Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
WORONGARY, 4213 ranks 109th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.45% for property investors.
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 $729,000.
The upward trend in home prices in WORONGARY, 4213 averaged 8.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $560 mark, reflecting a 3.99% 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 126th most active market in QLD based on total real estate transactions.
WORONGARY, 4213 places 529th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $729,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.17% | N/A |
| Median 12 month | 27.45% | N/A |
| Median 3 years | 26.78% | N/A |
| Median 5 years | 29.03% | N/A |
| 10 years average annual | 3.59% | N/A |
| Weekly media advert. rent | $560 | N/A |
| Time on Market | 61.4 days | N/A |
| Gross Rental Yield Percent | 3.99% | N/A |
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