New Government Should Change The Conversation About Investing: PIPA
The Property Investment Professionals of Australia (PIPA) has issued a firm call to the new government: prioritise the r...
ARUNDEL, 4214 ranks 1968th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.83% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $780,000.
The upward trend in home prices in ARUNDEL, 4214 averaged 13.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $642.5 mark, reflecting a 4.28% increase in returns based on the current median price in ARUNDEL.
An average of 17.58 real estate transactions take place per month in ARUNDEL which translates to 211 per annum.
211 properties were sold in ARUNDEL in 2016, making it the 611th most active market in QLD based on total real estate transactions.
ARUNDEL, 4214 places 331st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.83%||23.42%|
|Median 3 years||39.29%||25.76%|
|Median 5 years||41.82%||24.63%|
|10 years average annual||5.75%||3.22%|
|Weekly media advert. rent||$642.5||$480|
|Time on Market||19.7 days||16.3 days|
|Gross Rental Yield Percent||4.28%||6.01%|