PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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Property investors have seen a -2.05% drop in CORAL COVE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CORAL COVE, 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 $382,000
Profits averaged -2.52% per annum over a 3-year period, due to an downward trend in home prices in CORAL COVE, 4670.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in CORAL COVE, 4670 is 5.45%.
An average of 4.25 real estate transactions take place per month in CORAL COVE which translates to 51 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $382,000 | $115,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.05% | 0% |
| Median 12 month | 4.66% | N/A |
| Median 3 years | -7.56% | N/A |
| Median 5 years | -3.29% | -62.6% |
| 10 years average annual | -0.96% | 6.64% |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 80.3 days | 0.0 days |
| Gross Rental Yield Percent | 5.45% | N/A |
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