Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
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 $220,000.
The downward trend in home prices in DINMORE, 4303 averaged -1.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 7.09% increase in returns based on the current median price in DINMORE.
An average of 0.92 real estate transactions take place per month in DINMORE which translates to 11 per annum.
11 properties were sold in DINMORE in 2016, making it the 839th most active market in QLD based on total real estate transactions.
DINMORE, 4303 places 769th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $220,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -16.03% | N/A |
| Median 12 month | -16.98% | N/A |
| Median 3 years | -5.78% | N/A |
| Median 5 years | 22.22% | N/A |
| 10 years average annual | 1.13% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 89.2 days | N/A |
| Gross Rental Yield Percent | 7.09% | N/A |
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