4 Things Borrowers Can Do With An Increase In Equity
Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
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 $548,000.
The upward trend in home prices in BONGAREE, 4507 averaged 5.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $440 mark, reflecting a 4.18% increase in returns based on the current median price in BONGAREE.
An average of 15.33 real estate transactions take place per month in BONGAREE which translates to 184 per annum.
184 properties were sold in BONGAREE in 2016, making it the 665th most active market in QLD based on total real estate transactions.
BONGAREE, 4507 places 332nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.99%||13.24%|
|Median 3 years||15.97%||16.67%|
|Median 5 years||39.62%||27.8%|
|10 years average annual||3.49%||2.52%|
|Weekly media advert. rent||$440||$350|
|Time on Market||47.9 days||66.1 days|
|Gross Rental Yield Percent||4.18%||4.73%|