Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
A steady increase in median property prices over a five-year period in the suburb translates to a 12.58% capital gain.
It 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 $425,000
Home owners selling their properties and realtors in PLACID HILLS usually have to wait an average of 126.4 days days before their assets are lifted off the market.
The QLD suburb ranks 833rd on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
It also places places 628th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||12.58%||N/A|
|Median 5 years||10.39%||N/A|
|10 years average annual||-1.24%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||126.4 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|