Changes in apartment markets continue throughout September
Fresh data shows the apartment market is continuing to evolve and subdue, based on a series of factors including supply, sentiment and finan...
COOEE BAY, 4703 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling COOEE BAY, 4703 values up and netting property investors a capital gain of 16% for the past year.
Investors saw the median home price rise to $319,000.
Profits due to an downward trend in home prices in the suburb averaged -4.2% per annum over a 3-year period.
COOEE BAY now ranks at the 38th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COOEE BAY are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $320 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOEE BAY, homes and units usually stay on listing for an average of 98.6 days.
In 2016, 26 properties were sold in COOEE BAY during the past year, making it the 446th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $319,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10% | N/A |
| Median 12 month | 16% | N/A |
| Median 3 years | -12.6% | N/A |
| Median 5 years | -4.78% | N/A |
| 10 years average annual | -0.36% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 98.6 days | N/A |
| Gross Rental Yield Percent | 5.22% | N/A |
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