
Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
A steady increase in median property prices over a five-year period in the suburb translates to a -0.17% capital gain.
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 $571,500.
Profits due to an downward trend in home prices there averaged -0.06% per annum over a 3-year period.
Home owners selling their properties and realtors in KARALEE usually have to wait an average of 59.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.82% increase in returns based on the current median price in KARALEE.
KARALEE, 4306 places 476th in Australia based on median property value growth during the quarter.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $571,500 | N/A |
GROWTH REPORT | ||
Median Quarterly | 1.33% | N/A |
Median 12 month | -1.47% | N/A |
Median 3 years | -0.17% | N/A |
Median 5 years | 14.41% | N/A |
10 years average annual | 1.21% | N/A |
Weekly media advert. rent | $420 | N/A |
Time on Market | 59.3 days | N/A |
Gross Rental Yield Percent | 3.82% | N/A |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...