$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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 $275,000.
The downward trend in home prices in CROWS NEST, 4355 averaged -1% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 5.29% increase in returns based on the current median price in CROWS NEST.
An average of 2.58 real estate transactions take place per month in CROWS NEST which translates to 31 per annum.
31 properties were sold in CROWS NEST in 2016, making it the 389th most active market in QLD based on total real estate transactions.
CROWS NEST, 4355 places 102nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $275,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.76% | N/A |
| Median 12 month | -14.06% | N/A |
| Median 3 years | -3% | N/A |
| Median 5 years | -0.9% | N/A |
| 10 years average annual | 1.76% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 101.9 days | N/A |
| Gross Rental Yield Percent | 5.29% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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