Home Market Now Worth $8.3 Trillion As NSW Cracks $1m Mean Price Mark
It’s official, Australia’s 10.6 million residential dwellings are now worth $8,293.2 billion, with NSW emerging as a...
MONTO, 4630 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling MONTO, 4630 values up and netting property investors a capital gain of 20% for the past year.
Investors saw the median home price rise to $108,000.
Profits due to an downward trend in home prices in the suburb averaged -3.33% per annum over a 3-year period.
MONTO 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 MONTO are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $180 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 MONTO, homes and units usually stay on listing for an average of 122.1 days.
In 2016, 60 properties were sold in MONTO during the past year, making it the 192nd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20%||N/A|
|Median 3 years||-10%||N/A|
|Median 5 years||-14.62%||N/A|
|10 years average annual||-4.91%||N/A|
|Weekly media advert. rent||$180||N/A|
|Time on Market||122.1 days||N/A|
|Gross Rental Yield Percent||8.67%||N/A|