Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
Property investments in SOUTHPORT fare well against the rest of the country last year, registering a median home price increase of 4.55%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains SOUTHPORT, 4215 saw average growth in the long term.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 88.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $574,000.
SOUTHPORT ranks 475th on the list of best yielding suburbs for rental properties in QLD, posting a 4.53% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $574,000 | $355,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.5% | -2.74% |
| Median 12 month | 4.55% | -1.39% |
| Median 3 years | 7.29% | -6.89% |
| Median 5 years | 20.84% | 1.43% |
| 10 years average annual | 2.53% | -0.12% |
| Weekly media advert. rent | $500 | $395 |
| Time on Market | 88.1 days | 107.0 days |
| Gross Rental Yield Percent | 4.53% | 5.79% |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
