$120m Park Ave project to benefit South Melbourne
Australian real estate lender and investment manager MaxCap Group announced on Wednesday that it had arranged funding for the $120 million â...
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 $832,000.
Profits due to an upward trend in home prices in the suburb averaged 2.45% per annum over a 3-year period.
PEREGIAN BEACH now ranks at the 442nd 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 76.1 days.
In 2016, 91 properties were sold in PEREGIAN BEACH during the past year, making it the 30th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $832,000 | $616,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.85% | 4.41% |
| Median 12 month | -3.26% | 27.4% |
| Median 3 years | 7.35% | 44.94% |
| Median 5 years | 27.12% | 62.11% |
| 10 years average annual | 3.18% | 4.07% |
| Weekly media advert. rent | $550 | $410 |
| Time on Market | 76.1 days | 62.4 days |
| Gross Rental Yield Percent | 3.44% | 3.46% |
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