When will house prices rise? A new report reveals all
Though the property market is tipped to bottom out sooner than expected following the federal election, new research shows actual gains coul...
The suburb’s capital gain of 23.47% for the past year is higher than average compared to its 75.36% growth within a five-year period.
Also in MINYAMA, the median home price is sitting at $1,210,000, and the average rent at $690, this suggests property owners could potentially earn a 2.97% increase in gross rental yield.
Property investors have seen a -2.42% drop in MINYAMA based on a decrease in median home prices for the past three months.
They believe that homeowners and real estate investors betting on MINYAMA, 4575 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 23.47%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.6% growth over a ten-year period. It ranks 1503rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,210,000 | $382,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.42% | 0.66% |
| Median 12 month | 23.47% | 7.75% |
| Median 3 years | 22.22% | 19.53% |
| Median 5 years | 75.36% | 32.35% |
| 10 years average annual | 5.6% | 2.72% |
| Weekly media advert. rent | $690 | $400 |
| Time on Market | 66.9 days | 40.5 days |
| Gross Rental Yield Percent | 2.97% | 5.44% |
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