Lammermoor

POSTAL CODE: QLD, 4703

HOUSE

UNIT

Property investments in LAMMERMOOR fare well against the rest of the country last year, registering a median home price increase of 13.75%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains LAMMERMOOR, 4703 saw average growth in the long term.

Real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 51.5 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $910,000.

LAMMERMOOR ranks 259th on the list of best yielding suburbs for rental properties in QLD, posting a 4% return.

LAMMERMOOR, 4703 ranks 321st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.31% for property investors last year.

Based on its average 5-year and quarterly capital gains LAMMERMOOR, 4703 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in LAMMERMOOR, 4703 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in LAMMERMOOR.

An average of 1.08 real estate transactions take place per month in LAMMERMOOR which translates to 13 per annum.

13 properties were sold in LAMMERMOOR during the past year, making it the 383rd most active market in QLD based on total real estate transactions.

LAMMERMOOR, 4703 places 243rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$910,000	$555,000
Growth Report
Median Quarterly	1.11%	2.78%
Median 12 month	13.75%	21.31%
Median 3 years	30.09%	0%
Median 5 years	82.36%	64.44%
10 years average annual	7.27%	21.31%
Weekly media advert. rent	$700	N/A
Time on Market	51.5 days	N/A
Gross Rental Yield Percent	4%	0%

Demographics (Median Values)*

Total Population 1039

Weekly Household Income 1241

Household Size 2.70

Average Age 36

Monthly Loan Repayment 1625

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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