Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investments in SANDSTONE POINT fare well against the rest of the country last year, registering a median home price increase of 8.21%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains SANDSTONE POINT, 4511 saw average growth in the long term.
Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 61.3 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $454,500.
SANDSTONE POINT ranks 456th on the list of best yielding suburbs for rental properties in QLD, posting a 4.58% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $454,500 | $415,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.11% | 1.22% |
| Median 12 month | 8.21% | 13.7% |
| Median 3 years | 16.54% | 9.79% |
| Median 5 years | 21.69% | 20.64% |
| 10 years average annual | 1.82% | 2.37% |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 61.3 days | 0.0 days |
| Gross Rental Yield Percent | 4.58% | N/A |
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Ever wondered what amount of rent landlords are charging in other capital cities? New research has the answer. ...
Strong clearance rates have not attracted new sellers, with property listings over the past 28 days falling to its lowest October level sinc...
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
Get notifications in real-time for staying up to date with content that matters to you.