Prices to soon exceed peak in ‘unsustainable moon-shot’
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
A steady increase in median property prices over a five-year period in the suburb translates to a 6.43% capital gain.
It 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 $265,000
The augmented property values in the suburb are trailing behind the territorial average of 0.6% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $310.
Home owners selling their properties and realtors in GYMPIE usually have to wait an average of 66.3 days days before their assets are lifted off the market.
The QLD suburb ranks 110th on the list of best yielding suburbs for rental properties in QLD, posting a 6.08% return.
It also places places 643rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $265,000 | $267,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.64% | -2.37% |
| Median 12 month | -0.38% | 11.46% |
| Median 3 years | 6.43% | 21.59% |
| Median 5 years | 12.77% | 4.9% |
| 10 years average annual | 0.08% | 0.57% |
| Weekly media advert. rent | $310 | $220 |
| Time on Market | 66.3 days | 102.4 days |
| Gross Rental Yield Percent | 6.08% | 4.28% |
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
Low interest rates shouldn’t be the sole reason you take the plunge into Sydney’s property market, according to a property expert, who h...
The process of apartment hunting can be intricate, but research can go a long way in forming a “solid launching pad” for purchase, a rea...
The world’s major cities are expected to grow their residential property values by an average of just 1.8 per cent in the next 12 months ...
The Perth property market has experienced a roller-coaster ride throughout the past decade, ultimately impacting the growth of real estate i...
The correlation between state and territory economies and local property values cannot be underestimated, so what economic headwinds (and t...
Get notifications in real-time for staying up to date with content that matters to you.