$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
UPPER CABOOLTURE, 4510 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 UPPER CABOOLTURE, 4510 values up and netting property investors a capital gain of 5.43% for the past year.
Investors saw the median home price rise to $427,000.
Profits due to an upward trend in home prices in the suburb averaged 2.25% per annum over a 3-year period.
UPPER CABOOLTURE now ranks at the 821st 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 UPPER CABOOLTURE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $365 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 UPPER CABOOLTURE, homes and units usually stay on listing for an average of 68.7 days.
In 2016, 103 properties were sold in UPPER CABOOLTURE during the past year, making it the 954th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $427,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.15% | N/A |
| Median 12 month | 5.43% | N/A |
| Median 3 years | 6.75% | N/A |
| Median 5 years | 10.34% | N/A |
| 10 years average annual | 0.54% | N/A |
| Weekly media advert. rent | $365 | N/A |
| Time on Market | 68.7 days | N/A |
| Gross Rental Yield Percent | 4.44% | N/A |
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