Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
NORVILLE, 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 NORVILLE, 4670 values up and netting property investors a capital gain of 8.7% for the past year.
Investors saw the median home price rise to $250,000.
Profits due to an upward trend in home prices in the suburb averaged 6.54% per annum over a 3-year period.
NORVILLE 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 NORVILLE 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 $310 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 NORVILLE, homes and units usually stay on listing for an average of 78.6 days.
In 2016, 62 properties were sold in NORVILLE during the past year, making it the 185th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $250,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 8.7% | N/A |
| Median 3 years | 19.62% | N/A |
| Median 5 years | 13.64% | N/A |
| 10 years average annual | 0.42% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 78.6 days | N/A |
| Gross Rental Yield Percent | 6.45% | N/A |
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
Australian first home buyers dominated the market in 2020, increasing their market share by 50.4 per cent in the past year. ...
The rate of workers returning to the office has decelerated nationwide, suggesting there is a long way to go to before Australia’s commerc...
The Victorian and NSW governments have announced new standards for apartment buildings, as both look to create greener buildings for resid...
Australia’s GDP has grown by 3.1 per cent during the December quarter, beating market expectations of a 2.5 per cent increase, official fi...
Get notifications in real-time for staying up to date with content that matters to you.
