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 $206,000.
The downward trend in home prices in PARK AVENUE, 4701 averaged -8.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $270 mark, reflecting a 6.82% increase in returns based on the current median price in PARK AVENUE.
An average of 5 real estate transactions take place per month in PARK AVENUE which translates to 60 per annum.
60 properties were sold in PARK AVENUE in 2016, making it the 164th most active market in QLD based on total real estate transactions.
PARK AVENUE, 4701 places 431st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-10.43%||N/A|
|Median 3 years||-26.16%||N/A|
|Median 5 years||-21.82%||N/A|
|10 years average annual||-2.28%||N/A|
|Weekly media advert. rent||$270||N/A|
|Time on Market||95.3 days||N/A|
|Gross Rental Yield Percent||6.82%||N/A|