Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $349,500.
The upward trend in home prices in KOORALBYN, 4285 averaged 3.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 5.21% increase in returns based on the current median price in KOORALBYN.
An average of 3.5 real estate transactions take place per month in KOORALBYN which translates to 42 per annum.
42 properties were sold in KOORALBYN in 2016, making it the 276th most active market in QLD based on total real estate transactions.
KOORALBYN, 4285 places 160th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $349,500 | $140,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.1% | -9.68% |
| Median 12 month | 4.02% | -15.15% |
| Median 3 years | 10.95% | -3.78% |
| Median 5 years | 16.89% | 12% |
| 10 years average annual | 2.66% | 7.38% |
| Weekly media advert. rent | $350 | $190 |
| Time on Market | 159.7 days | 149.7 days |
| Gross Rental Yield Percent | 5.21% | 7.06% |
If Apra think they are going to lower...
Hopefully this will increase the value...
Great post! I must appreciate that you...