Avoca

POSTAL CODE: QLD, 4670

HOUSE

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 $662,000.

The upward trend in home prices in AVOCA, 4670 averaged 16.03% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.71% increase in returns based on the current median price in AVOCA.

An average of 7.5 real estate transactions take place per month in AVOCA which translates to 90 per annum.

90 properties were sold in AVOCA in 2016, making it the 41st most active market in QLD based on total real estate transactions.

AVOCA, 4670 places 680th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$662,000	N/A
Growth Report
Median Quarterly	1.85%	N/A
Median 12 month	11.82%	N/A
Median 3 years	48.1%	N/A
Median 5 years	126.32%	N/A
10 years average annual	8.68%	N/A
Weekly media advert. rent	$600	N/A
Time on Market	25 days	N/A
Gross Rental Yield Percent	4.71%	N/A

Demographics (Median Values)*

Total Population 5326

Weekly Household Income 786.6

Household Size 2.50

Average Age 40

Monthly Loan Repayment 1123

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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