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 $1,172,500.
The upward trend in home prices in ARUNDEL, 4214 averaged 12.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $875 mark, reflecting a 3.88% increase in returns based on the current median price in ARUNDEL.
An average of 14.08 real estate transactions take place per month in ARUNDEL which translates to 169 per annum.
169 properties were sold in ARUNDEL in 2016, making it the 711th most active market in QLD based on total real estate transactions.
ARUNDEL, 4214 places 748th in Australia based on median property value growth during the quarter.
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 $816,500.
Average median unit prices in QLD have risen as a whole, pulling ARUNDEL, 4214 values up and netting property investors a capital gain of 16.73% for the past year.
Investors saw the median home price rise to $816,500.
The upward trend in home prices in ARUNDEL, 4214 averaged 17.07% per annum over a 3-year period.
ARUNDEL now ranks at the 133rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ARUNDEL are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $755 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In ARUNDEL, homes and units usually stay on listing for an average of 34 days.
46 properties were sold in ARUNDEL in 2016, making it the 104th most active market in QLD based on total real estate transactions.