PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Subscribe to our newsletter
SUNRISE BEACH, 4567 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $857,500.
Profits due to an upward trend in home prices in the suburb averaged 6.64% per annum over a 3-year period.
SUNRISE BEACH now ranks at the 390th 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 SUNRISE BEACH 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 $655 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 SUNRISE BEACH, homes and units usually stay on listing for an average of 80.8 days.
In 2016, 76 properties were sold in SUNRISE BEACH during the past year, making it the 88th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $857,500 | $520,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.51% | -0.95% |
| Median 12 month | -2.56% | -1.89% |
| Median 3 years | 19.93% | 22.35% |
| Median 5 years | 44.36% | 46.48% |
| 10 years average annual | 3.88% | 3.07% |
| Weekly media advert. rent | $655 | $480 |
| Time on Market | 80.8 days | 80.7 days |
| Gross Rental Yield Percent | 3.97% | 4.8% |
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
The Australian Housing and Urban Research Institute (AHURI) is undertaking several priority research projects which aim to help governments ...
With the end of financial year approaching, coupled with the current climate, two experts have shed light on the value of investors having g...
A local professional has highlighted four key trends likely to impact Australia’s real estate industry. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
