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1 MIN READHouse Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
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Park AvenuePark Avenue - SUBURB PROFILE REPORT
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PARK AVENUE, 4701 ranks 1939th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.11% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $277,000.
The upward trend in home prices in PARK AVENUE, 4701 averaged 13.54% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 6.57% increase in returns based on the current median price in PARK AVENUE.
An average of 13.25 real estate transactions take place per month in PARK AVENUE which translates to 159 per annum.
159 properties were sold in PARK AVENUE in 2016, making it the 792nd most active market in QLD based on total real estate transactions.
PARK AVENUE, 4701 places 760th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $277,000 | $250,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.59% | 12.61% |
| Median 12 month | 23.11% | N/A |
| Median 3 years | 40.61% | N/A |
| Median 5 years | 30.66% | N/A |
| 10 years average annual | 1.33% | N/A |
| Weekly media advert. rent | $350 | $260 |
| Time on Market | 52.6 days | 101.2 days |
| Gross Rental Yield Percent | 6.57% | 5.41% |
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