Migration cut plans set to impact property market
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Property investors have seen a -1.89% drop in OAKEY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OAKEY, 4401 saw average growth in the long term.
The QLD 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
Profits averaged 3.94% per annum over a 3-year period, due to an upward trend in home prices in OAKEY, 4401.
This means, real estate investors could earn a rental income of $272.5 based on current median home prices for the suburb.
The gross rental yield in OAKEY, 4401 is 5.45%.
An average of 4.17 real estate transactions take place per month in OAKEY which translates to 50 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.89% | N/A |
| Median 12 month | 6.12% | N/A |
| Median 3 years | 11.83% | N/A |
| Median 5 years | 23.81% | N/A |
| 10 years average annual | 3.79% | N/A |
| Weekly media advert. rent | $272.5 | N/A |
| Time on Market | 134.5 days | N/A |
| Gross Rental Yield Percent | 5.45% | N/A |
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