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Aroona
AREA REPORTS

Aroona

Aroona - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4551

house

AROONA, 4551 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 AROONA, 4551 values up and netting property investors a capital gain of 34.22% for the past year.

Investors saw the median home price rise to $859,000.

Profits due to an upward trend in home prices in the suburb averaged 18.73% per annum over a 3-year period.

AROONA now ranks at the 132nd 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 AROONA 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 $615 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 AROONA, homes and units usually stay on listing for an average of 16.2 days.

In 2016, 72 properties were sold in AROONA during the past year, making it the 116th most active market in QLD based on total real estate transactions.

Data report can be found below

Aroona
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $859,000 N/A
GROWTH REPORT
Median Quarterly 10.41% N/A
Median 12 month 34.22% N/A
Median 3 years 56.18% N/A
Median 5 years 65.19% N/A
10 years average annual 7.56% N/A
Weekly media advert. rent $615 N/A
Time on Market 16.2 days N/A
Gross Rental Yield Percent 3.72% N/A
demographics (median values)*
Total Population
3020
Weekly Household Income
971.1
Household Size
2.70
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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