Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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PARK AVENUE, 4701 ranks 345th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.17% 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 $232,000.
The upward trend in home prices in PARK AVENUE, 4701 averaged 1.82% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 6.28% increase in returns based on the current median price in PARK AVENUE.
An average of 6 real estate transactions take place per month in PARK AVENUE which translates to 72 per annum.
72 properties were sold in PARK AVENUE in 2016, making it the 106th most active market in QLD based on total real estate transactions.
PARK AVENUE, 4701 places 82nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $232,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.45% | N/A |
| Median 12 month | 13.17% | N/A |
| Median 3 years | 5.45% | N/A |
| Median 5 years | -14.07% | N/A |
| 10 years average annual | -0.62% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 90.2 days | N/A |
| Gross Rental Yield Percent | 6.28% | N/A |
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