Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
BURNETT HEADS, 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 BURNETT HEADS, 4670 values up and netting property investors a capital gain of 17.28% for the past year.
Investors saw the median home price rise to $319,000.
Profits due to an upward trend in home prices in the suburb averaged 2.71% per annum over a 3-year period.
BURNETT HEADS now ranks at the 35th 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 BURNETT HEADS are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $280 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 BURNETT HEADS, homes and units usually stay on listing for an average of 122.9 days.
In 2016, 60 properties were sold in BURNETT HEADS during the past year, making it the 162nd most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $319,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.48% | N/A |
| Median 12 month | 17.28% | N/A |
| Median 3 years | 8.14% | N/A |
| Median 5 years | 18.59% | N/A |
| 10 years average annual | 1.41% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 122.9 days | N/A |
| Gross Rental Yield Percent | 4.56% | N/A |
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