Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a -4.97% drop in BUNDABERG WEST based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BUNDABERG WEST, 4670 saw average decrease in the long term.
The QLD 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 $220,000
Profits averaged -5.24% per annum over a 3-year period, due to an downward trend in home prices in BUNDABERG WEST, 4670.
This means, real estate investors could earn a rental income of $295 based on current median home prices for the suburb.
The gross rental yield in BUNDABERG WEST, 4670 is 6.97%.
An average of 2.67 real estate transactions take place per month in BUNDABERG WEST which translates to 32 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $220,000 | $240,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.97% | 0% |
| Median 12 month | -18.52% | 6.67% |
| Median 3 years | -15.71% | 12.68% |
| Median 5 years | -25.42% | 7.38% |
| 10 years average annual | -0.97% | -1.34% |
| Weekly media advert. rent | $295 | $250 |
| Time on Market | 96.5 days | 0.0 days |
| Gross Rental Yield Percent | 6.97% | 5.42% |
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