Capital cities to see busiest auction week since April
With over 1,500 homes scheduled to go under the hammer, the combined capital city auction market is set to see its busiest week since early ...
MONTO, 4630 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $85,000.
Profits due to an downward trend in home prices in the suburb averaged -13.79% per annum over a 3-year period.
MONTO now ranks at the 701st place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $200 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 164.3 days.
In 2016, 45 properties were sold in MONTO during the past year, making it the 287th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $85,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | -26.09% | N/A |
| Median 3 years | -41.38% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -7.31% | N/A |
| Weekly media advert. rent | $200 | N/A |
| Time on Market | 164.3 days | N/A |
| Gross Rental Yield Percent | 12.24% | N/A |
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