Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
BLACKALL, 4472 ranks 34th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 54.84% for property investors.
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 $120,000.
The downward trend in home prices in BLACKALL, 4472 averaged -1.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $180 mark, reflecting a 7.8% increase in returns based on the current median price in BLACKALL.
An average of 3.08 real estate transactions take place per month in BLACKALL which translates to 37 per annum.
37 properties were sold in BLACKALL in 2016, making it the 338th most active market in QLD based on total real estate transactions.
BLACKALL, 4472 places 35th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||54.84%||N/A|
|Median 3 years||-4%||N/A|
|Median 5 years||41.18%||N/A|
|10 years average annual||9.05%||N/A|
|Weekly media advert. rent||$180||N/A|
|Time on Market||100.6 days||N/A|
|Gross Rental Yield Percent||7.8%||N/A|