Population slump set to test Australian prices
The stability of the Australian housing market is set to be tested with a large slump in population due to border closures. ...
Property investments in PETRIE fare well against the rest of the country last year, registering a median home price increase of -1.94%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains PETRIE, 4502 saw average growth in the long term.
Real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 39.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $441,250.
PETRIE ranks 394th on the list of best yielding suburbs for rental properties in QLD, posting a 4.65% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $441,250 | $319,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.4% | 1.92% |
| Median 12 month | -1.94% | 2.49% |
| Median 3 years | 5.56% | -4.42% |
| Median 5 years | 10.73% | -5.06% |
| 10 years average annual | 1.32% | -1.68% |
| Weekly media advert. rent | $395 | $317.5 |
| Time on Market | 39.5 days | 0.0 days |
| Gross Rental Yield Percent | 4.65% | 5.18% |
The stability of the Australian housing market is set to be tested with a large slump in population due to border closures. ...
State-based land tax changes have seen Vellum Fund Management and Urban Property Group launch the first build-to-rent fund based in NSW. ...
With one month almost already down, several Harcourts professionals have outlined how they expect the remainder of the spring selling season...
The consumer watchdog is warning of an increase in rental and accommodation scams, with more than $300,000 lost to fraudulent activities t...
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
The COVID-19 pandemic has seen an acceleration in the number of property managers leaving full-time employment at agencies to start their ow...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment