Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
EMU PARK, 4710 ranks 829th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 32.62% 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 $467,500.
The upward trend in home prices in EMU PARK, 4710 averaged 11.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 5.01% increase in returns based on the current median price in EMU PARK.
An average of 7.5 real estate transactions take place per month in EMU PARK which translates to 90 per annum.
90 properties were sold in EMU PARK in 2016, making it the 39th most active market in QLD based on total real estate transactions.
EMU PARK, 4710 places 637th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.62%||N/A|
|Median 3 years||35.51%||N/A|
|Median 5 years||53.28%||N/A|
|10 years average annual||3.82%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||63.2 days||N/A|
|Gross Rental Yield Percent||5.01%||N/A|