Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
PEREGIAN BEACH, 4573 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 $820,000.
Profits due to an upward trend in home prices in the suburb averaged 2.16% per annum over a 3-year period.
PEREGIAN BEACH now ranks at the 760th 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 PEREGIAN 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 $550 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 PEREGIAN BEACH, homes and units usually stay on listing for an average of 58.0 days.
In 2016, 106 properties were sold in PEREGIAN BEACH during the past year, making it the 926th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | $551,250 |
| GROWTH REPORT | ||
| Median Quarterly | -3.36% | -9.63% |
| Median 12 month | -1.2% | -6.57% |
| Median 3 years | 6.49% | 17.29% |
| Median 5 years | 17.56% | 50.61% |
| 10 years average annual | 2.83% | 4% |
| Weekly media advert. rent | $550 | $410 |
| Time on Market | 58.0 days | 53.7 days |
| Gross Rental Yield Percent | 3.49% | 3.87% |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...
Get notifications in real-time for staying up to date with content that matters to you.
