Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $1,325,000.
The upward trend in home prices in PEREGIAN SPRINGS, 4573 averaged 5.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $850 mark, reflecting a 3.34% increase in returns based on the current median price in PEREGIAN SPRINGS.
An average of 17.08 real estate transactions take place per month in PEREGIAN SPRINGS which translates to 205 per annum.
205 properties were sold in PEREGIAN SPRINGS in 2016, making it the 599th most active market in QLD based on total real estate transactions.
PEREGIAN SPRINGS, 4573 places 354th in Australia based on median property value growth during the quarter.
The suburb also 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 $970,000.
Average median unit prices in QLD have risen as a whole, pulling PEREGIAN SPRINGS, 4573 values up and netting property investors a capital gain of 3.08% for the past year.
Investors saw the median home price rise to $970,000.
The upward trend in home prices in PEREGIAN SPRINGS, 4573 averaged 6.34% per annum over a 3-year period.
PEREGIAN SPRINGS now ranks at the th 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 SPRINGS are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $710 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PEREGIAN SPRINGS, homes and units usually stay on listing for an average of 104.8 days.
26 properties were sold in PEREGIAN SPRINGS in 2016, making it the 215th most active market in QLD based on total real estate transactions.