The Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
TAMBORINE MOUNTAIN, 4272 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling TAMBORINE MOUNTAIN, 4272 values up and netting property investors a capital gain of 22.67% for the past year.
Investors saw the median home price rise to $772,850.
Profits due to an upward trend in home prices in the suburb averaged 11.86% per annum over a 3-year period.
TAMBORINE MOUNTAIN now ranks at the 404th 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 TAMBORINE MOUNTAIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $505 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TAMBORINE MOUNTAIN, homes and units usually stay on listing for an average of 34.2 days.
In 2016, 256 properties were sold in TAMBORINE MOUNTAIN during the past year, making it the 499th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.67%||N/A|
|Median 3 years||35.59%||N/A|
|Median 5 years||54.57%||36.99%|
|10 years average annual||5.62%||23.79%|
|Weekly media advert. rent||$505||N/A|
|Time on Market||34.2 days||0.0 days|
|Gross Rental Yield Percent||3.4%||N/A|