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Runaway BayRunaway Bay - SUBURB PROFILE REPORT
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Property investors have seen a 5.26% gain in RUNAWAY BAY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on RUNAWAY BAY, 4216 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 20.77%.
Based on its average 5-year and quarterly capital gains RUNAWAY BAY, 4216 saw average growth in the long term.
The QLD 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 $1,250,000
Profits averaged 15.69% per annum over a 3-year period, due to an upward trend in home prices in RUNAWAY BAY, 4216.
This means, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
The gross rental yield in RUNAWAY BAY, 4216 is 3.54%.
An average of 15.5 real estate transactions take place per month in RUNAWAY BAY which translates to 186 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,250,000 | $573,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.26% | 6.11% |
| Median 12 month | 20.77% | 10.19% |
| Median 3 years | 47.06% | 12.57% |
| Median 5 years | 30.55% | 23.62% |
| 10 years average annual | 5.75% | 3.06% |
| Weekly media advert. rent | $850 | $550 |
| Time on Market | 37.1 days | 51.1 days |
| Gross Rental Yield Percent | 3.54% | 4.99% |
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