What rent, values look like under Labor: New modelling
An updated modelling of the Labor government’s proposed changes to negative gearing has found that yields are likely to go up while prices...
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 $449,000.
The upward trend in home prices in BURNSIDE, 4560 averaged 2.34% per annum over a 3-year period.
Average weekly rents on listings have reached the $427.5 mark, reflecting a 4.95% increase in returns based on the current median price in BURNSIDE.
An average of 4.92 real estate transactions take place per month in BURNSIDE which translates to 59 per annum.
59 properties were sold in BURNSIDE in 2016, making it the 176th most active market in QLD based on total real estate transactions.
BURNSIDE, 4560 places 363rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $449,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.62% | N/A |
| Median 12 month | 6.15% | N/A |
| Median 3 years | 7.03% | N/A |
| Median 5 years | 28.29% | N/A |
| 10 years average annual | 2.57% | N/A |
| Weekly media advert. rent | $427.5 | N/A |
| Time on Market | 42.9 days | N/A |
| Gross Rental Yield Percent | 4.95% | N/A |
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