Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 $260,000.
The upward trend in home prices in DINMORE, 4303 averaged 2.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $285 mark, reflecting a 5.7% increase in returns based on the current median price in DINMORE.
An average of 1.67 real estate transactions take place per month in DINMORE which translates to 20 per annum.
20 properties were sold in DINMORE in 2016, making it the 555th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | $307,500 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0.33% |
| Median 12 month | 4% | 0.82% |
| Median 3 years | 8.33% | N/A |
| Median 5 years | 31.31% | N/A |
| 10 years average annual | 4.65% | 0.82% |
| Weekly media advert. rent | $285 | N/A |
| Time on Market | 86.1 days | 0.0 days |
| Gross Rental Yield Percent | 5.7% | N/A |
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