House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
BUNDABERG EAST, 4670 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 BUNDABERG EAST, 4670 values up and netting property investors a capital gain of 16.98% for the past year.
Investors saw the median home price rise to $310,000.
Profits due to an upward trend in home prices in the suburb averaged 5.96% per annum over a 3-year period.
BUNDABERG EAST 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 BUNDABERG EAST are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $330 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 BUNDABERG EAST, homes and units usually stay on listing for an average of 43.6 days.
In 2016, 79 properties were sold in BUNDABERG EAST during the past year, making it the 82nd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.98%||N/A|
|Median 3 years||17.87%||N/A|
|Median 5 years||4.38%||N/A|
|10 years average annual||0.89%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||43.6 days||0.0 days|
|Gross Rental Yield Percent||5.54%||N/A|