Hot Property: The biggest stories this week
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A 13.53% increase in median property prices in TELINA, 4680 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 92nd.
It 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 $289,500
The augmented property values in the suburb are trailing above the territorial average of 2.75% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $270.
Home owners selling their properties and realtors in TELINA usually have to wait an average of 65.7 days days before their assets are lifted off the market.
The QLD suburb ranks 349th on the list of best yielding suburbs for rental properties in QLD, posting a 4.85% return.
It also places places 53rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $289,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.45% | N/A |
| Median 12 month | 13.53% | N/A |
| Median 3 years | 6.63% | N/A |
| Median 5 years | -24.81% | N/A |
| 10 years average annual | -3.29% | N/A |
| Weekly media advert. rent | $270 | N/A |
| Time on Market | 65.7 days | N/A |
| Gross Rental Yield Percent | 4.85% | N/A |
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