CBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
Property investors have seen a -3.95% drop in MILES based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on MILES, 4415 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 40.38%.
Based on its average 5-year and quarterly capital gains MILES, 4415 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 $182,500
Profits averaged 11.23% per annum over a 3-year period, due to an upward trend in home prices in MILES, 4415.
This means, real estate investors could earn a rental income of $240 based on current median home prices for the suburb.
The gross rental yield in MILES, 4415 is 6.84%.
An average of 2.17 real estate transactions take place per month in MILES which translates to 26 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||40.38%||N/A|
|Median 3 years||33.7%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||6.97%||-2.3%|
|Weekly media advert. rent||$240||$200|
|Time on Market||101.0 days||0.0 days|
|Gross Rental Yield Percent||6.84%||11.56%|