Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
Homeowners and real estate investors betting on JIMBOOMBA, 4280 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 13.25%.
A steady increase in median property prices over a five-year period in the suburb translates to a 23.72% capital gain.
Property investors in JIMBOOMBA enjoyed capital gains of 13.25% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $662,500.
Profits due to an upward trend in home prices there averaged 7.91% per annum over a 3-year period.
Home owners selling their properties and realtors in JIMBOOMBA usually have to wait an average of 52.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.53% increase in returns based on the current median price in JIMBOOMBA.
JIMBOOMBA, 4280 places 294th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.25%||N/A|
|Median 3 years||23.72%||N/A|
|Median 5 years||42.47%||N/A|
|10 years average annual||4.11%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||52.7 days||N/A|
|Gross Rental Yield Percent||3.53%||N/A|