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...
DAKABIN, 4503 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling DAKABIN, 4503 values up and netting property investors a capital gain of 3.89% for the past year.
Investors saw the median home price rise to $480,500.
Profits due to an upward trend in home prices in the suburb averaged 1.37% per annum over a 3-year period.
DAKABIN now ranks at the 509th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DAKABIN are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $405 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DAKABIN, homes and units usually stay on listing for an average of 29.6 days.
In 2016, 68 properties were sold in DAKABIN during the past year, making it the 143rd most active market in QLD based on total real estate transactions.
Dakabin is a rapidly developing residential and industrial area in the Moreton Bay Region of Australia, known for its tight-knit community, lovely parks and sprawling meadows. Dakabin borrows its name from the Aboriginal word for a species of grass tree endemic to the area and is situated 26 kilometres away from the Brisbane Central Business District.
Real estate overview
Dakabin previously consisted of vast acreage properties, but it is gradually shifting into an urban and residential hub. Satisfied residents cite its closeness to North Lakes as an advantage, which provides them instant access to lifestyle amenities. In addition, Dakabin is just a short drive away from popular tourist spots in neighbouring Queensland suburbs and large-scale shopping centres.
Dakabin, along with its surrounding suburbs, has posted record gains in terms of population growth and occupancy. The average rent for a property nowadays in Dakabin ranges between AU$270 and AU$440, based on the latest market listings. Meanwhile, the average lots and housing and land packages cost between AU$259,000 and AU$600,000.
Dakabin has its own railway station, which links the suburb to Caboolture and the Sunshine Coast. It is also accessible through private car via Bruce Highway. Dakabin is also connected to the suburbs of Roma Street, Springfield Central, Ipswich and Rosewood through the railway line.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.89%||48.03%|
|Median 3 years||4.12%||43.97%|
|Median 5 years||6.78%||43.97%|
|10 years average annual||1.31%||7.59%|
|Weekly media advert. rent||$405||$337.5|
|Time on Market||29.6 days||90.5 days|
|Gross Rental Yield Percent||4.38%||3.34%|