Federal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
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 $592,500.
The upward trend in home prices in BONGAREE, 4507 averaged 8.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.95% increase in returns based on the current median price in BONGAREE.
An average of 15.08 real estate transactions take place per month in BONGAREE which translates to 181 per annum.
181 properties were sold in BONGAREE in 2016, making it the 706th most active market in QLD based on total real estate transactions.
BONGAREE, 4507 places 718th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.5%||12.47%|
|Median 3 years||26.74%||25.76%|
|Median 5 years||50.76%||34.96%|
|10 years average annual||5.07%||3.3%|
|Weekly media advert. rent||$450||$360|
|Time on Market||24.5 days||36.0 days|
|Gross Rental Yield Percent||3.95%||4.51%|