Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Homeowners and real estate investors betting on BELLBIRD PARK, 4300 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 26.71%.
A steady increase in median property prices over a five-year period in the suburb translates to a 35.1% capital gain.
Property investors in BELLBIRD PARK enjoyed capital gains of 26.71% 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 $510,000.
Profits due to an upward trend in home prices there averaged 11.7% per annum over a 3-year period.
Home owners selling their properties and realtors in BELLBIRD PARK usually have to wait an average of 34.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $410 mark, reflecting a 4.18% increase in returns based on the current median price in BELLBIRD PARK.
BELLBIRD PARK, 4300 places 543rd in Australia based on median property value growth during the quarter.
Bellbird Park is a suburb located in the local government area of the City of Ipswich. It is next to the suburbs of Augustine Heights, Redbank and Redbank Plains, and Springfield.
Residents adore Bellbird Park’s abundance of open green spaces, foliage-lined streets, and woody tracks, which are perfect for hikes, cycling and family picnics. For those who’d like to sweat it out indoors, Bellbird Park has an Indoor Centre, which houses a stadium and multipurpose room for local events.
The suburb also boasts a wide array of shops and retail centres. It has academic institutions to support the educational needs of its growing community: a high school has just been erected in Bellbird Park, drawing families to the community. A childcare centre is also underway.
Sustained growth is on the horizon for Bellbird Park as it adds hundreds to its populations, who are occupying new developments in the area. Buyers are pleased with its diverse property portfolio, which include both small lots and acreages. The affordable price is also a major factor.
The average price of homes on real estate listings for Bellbird Park range between $185,000 and $900,000. The median home price in Bellbird Park, however, is higher at $380,000, according to recent market data. This is the current rate of homes in the suburb, after posting a nearly 20 per cent growth for the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.71%||N/A|
|Median 3 years||35.1%||97.78%|
|Median 5 years||41.67%||28.09%|
|10 years average annual||4.85%||9.15%|
|Weekly media advert. rent||$410||$300|
|Time on Market||34.3 days||74.7 days|
|Gross Rental Yield Percent||4.18%||3.51%|