Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
PEREGIAN SPRINGS, 4573 ranks 917th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.92% for property investors.
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 $759,250.
The upward trend in home prices in PEREGIAN SPRINGS, 4573 averaged 7.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.77% increase in returns based on the current median price in PEREGIAN SPRINGS.
An average of 22.75 real estate transactions take place per month in PEREGIAN SPRINGS which translates to 273 per annum.
273 properties were sold in PEREGIAN SPRINGS in 2016, making it the 450th most active market in QLD based on total real estate transactions.
PEREGIAN SPRINGS, 4573 places 121st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.92%||12.88%|
|Median 3 years||21.48%||10%|
|Median 5 years||32.91%||83.33%|
|10 years average annual||4.06%||10.54%|
|Weekly media advert. rent||$550||$470|
|Time on Market||59.1 days||92.3 days|
|Gross Rental Yield Percent||3.77%||4.44%|