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...
WARWICK, 4370 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 $249,950.
Profits due to an downward trend in home prices in the suburb averaged -1.29% per annum over a 3-year period.
WARWICK now ranks at the 740th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in WARWICK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $275 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WARWICK, homes and units usually stay on listing for an average of 117.1 days.
In 2016, 280 properties were sold in WARWICK during the past year, making it the 428th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.68%||-5.66%|
|Median 3 years||-3.87%||12.36%|
|Median 5 years||4.58%||0%|
|10 years average annual||-0.09%||-0.04%|
|Weekly media advert. rent||$275||$250|
|Time on Market||117.1 days||140.1 days|
|Gross Rental Yield Percent||5.72%||5.2%|