COVID-19 will have ‘dramatic effect’ on mortgage process
The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on m...
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 $70,000.
The downward trend in home prices in BLACKALL, 4472 averaged -4.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $160 mark, reflecting a 11.89% increase in returns based on the current median price in BLACKALL.
An average of 2.33 real estate transactions take place per month in BLACKALL which translates to 28 per annum.
28 properties were sold in BLACKALL in 2016, making it the 410th most active market in QLD based on total real estate transactions.
BLACKALL, 4472 places 330th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $70,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.72% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | -12.5% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 1.59% | N/A |
| Weekly media advert. rent | $160 | N/A |
| Time on Market | 61.6 days | N/A |
| Gross Rental Yield Percent | 11.89% | N/A |
The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on m...
The Australian property market has grown throughout the last quarter although it is showing signs of cracking with a weak second half of the...
The low interest rate environment is providing an opportunity for property investors to rebalance their portfolios, an industry expert has e...
A valuation and advisory firm has called on the government and regulators to work with financiers in unlocking existing equity in investment...
In the event of further restrictions in response to the coronavirus, an industry group is calling for real estate services to be considered ...
The federal government’s recent JobKeeper wage subsidy is set to significantly help relieve rental and mortgage stress, according to the P...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
