Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $260,000.
The downward trend in home prices in CROWS NEST, 4355 averaged -4.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $265 mark, reflecting a 5.3% increase in returns based on the current median price in CROWS NEST.
An average of 3.42 real estate transactions take place per month in CROWS NEST which translates to 41 per annum.
41 properties were sold in CROWS NEST in 2016, making it the 316th most active market in QLD based on total real estate transactions.
CROWS NEST, 4355 places 816th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.81% | N/A |
| Median 12 month | -7.96% | N/A |
| Median 3 years | -13.33% | N/A |
| Median 5 years | -3.35% | N/A |
| 10 years average annual | 1.29% | N/A |
| Weekly media advert. rent | $265 | N/A |
| Time on Market | 157.5 days | N/A |
| Gross Rental Yield Percent | 5.3% | N/A |
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