Clarity sought for commercial landlords and SME tenants
A new COVID-19 Code of Conduct compendium aims to offer clarity to SME landlords and tenants experiencing financial hardship. ...
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DAKABIN, 4503 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 $438,000.
Profits due to an downward trend in home prices in the suburb averaged -1.42% per annum over a 3-year period.
DAKABIN now ranks at the 249th 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 $395 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 83.0 days.
In 2016, 38 properties were sold in DAKABIN during the past year, making it the 323rd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $438,000 | $357,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.86% | 0.7% |
| Median 12 month | -5.09% | -2.05% |
| Median 3 years | -4.26% | -2.03% |
| Median 5 years | -2.66% | N/A |
| 10 years average annual | 0.33% | -0.57% |
| Weekly media advert. rent | $395 | $350 |
| Time on Market | 83.0 days | 130.0 days |
| Gross Rental Yield Percent | 4.69% | 5.09% |
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