Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
Subscribe to our newsletter
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $336,000.
The upward trend in home prices in POINT VERNON, 4655 averaged 3.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 5.57% increase in returns based on the current median price in POINT VERNON.
An average of 12.42 real estate transactions take place per month in POINT VERNON which translates to 149 per annum.
149 properties were sold in POINT VERNON in 2016, making it the 689th most active market in QLD based on total real estate transactions.
POINT VERNON, 4655 places 421st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $336,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.3% | N/A |
| Median 12 month | 3.38% | N/A |
| Median 3 years | 9.89% | N/A |
| Median 5 years | 12.75% | N/A |
| 10 years average annual | 0.82% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 87.3 days | N/A |
| Gross Rental Yield Percent | 5.57% | N/A |
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
A growing number of Australians are being forced to live in high-density apartments, which is having an impact on future prosperity and cohe...
A real estate group says some positive signs are beginning to emerge within Australia’s property market. ...
How is the Brisbane property market faring amid the “new normal” that resulted from the COVID-19 outbreak? ...
While social distancing regulations have begun to ease and the property market is showing glimpses of recovery, Right Property Group’s Vic...
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
