How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
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 11.18% for the past year.
Investors saw the median home price rise to $455,000.
Profits due to an upward trend in home prices in the suburb averaged 3.61% per annum over a 3-year period.
UPPER CABOOLTURE now ranks at the 407th 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 $360 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 64.9 days.
In 2016, 106 properties were sold in UPPER CABOOLTURE during the past year, making it the 777th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.18%||N/A|
|Median 3 years||10.84%||N/A|
|Median 5 years||16.67%||N/A|
|10 years average annual||0.93%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||64.9 days||N/A|
|Gross Rental Yield Percent||4.11%||N/A|