Vacancy rates hold steady
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
Property investors in GLADSTONE CENTRAL enjoyed capital gains of 3.21% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $225,000.
Profits due to an downward trend in home prices there averaged -10.71% per annum over a 3-year period.
Home owners selling their properties and realtors in GLADSTONE CENTRAL usually have to wait an average of 111.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $245 mark, reflecting a 5.66% increase in returns based on the current median price in GLADSTONE CENTRAL.
GLADSTONE CENTRAL, 4680 places 723rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $225,000 | $170,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.26% | -8.11% |
| Median 12 month | 3.21% | -5.56% |
| Median 3 years | -32.13% | -64.58% |
| Median 5 years | -32.84% | -62.67% |
| 10 years average annual | -2.49% | -3.06% |
| Weekly media advert. rent | $245 | $240 |
| Time on Market | 111.8 days | 98.6 days |
| Gross Rental Yield Percent | 5.66% | 7.34% |
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
Online marketplace Grays is launching itself into the real estate and property market with the sale of land plots in Western Australia’s K...
As in most parts of the world, the COVID-19 pandemic has seen vast implications for the Australian real estate. How will the NSW capital’s...
New research has identified the top 10 areas recording the greatest change in dwelling market values from 31 March to 31 May. ...
Keen buyers are urged to be cautious before jumping in to the First Home Loan Deposit Scheme. ...
The latter half of the year is set to see less than desirable conditions in some cities, despite outlook being stronger than it was a few w...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
