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Property investors have seen a 4.5% gain in THE PALMS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains THE PALMS, 4570 saw average growth in the long term.
The QLD 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 $383,500
Profits averaged 10.75% per annum over a 3-year period, due to an upward trend in home prices in THE PALMS, 4570.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in THE PALMS, 4570 is 5.15%.
An average of 2.33 real estate transactions take place per month in THE PALMS which translates to 28 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.26%||N/A|
|Median 3 years||32.24%||N/A|
|Median 5 years||43.1%||N/A|
|10 years average annual||1.84%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||47.2 days||N/A|
|Gross Rental Yield Percent||5.15%||N/A|
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