Property Growth Expectations Hit Record Highs
Confidence in the property industry is just shy of setting a new record, buoyed by the speed of economic turnaround and ...
EMERALD, 4720 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 EMERALD, 4720 values up and netting property investors a capital gain of 0.6% for the past year.
Investors saw the median home price rise to $335,000.
Profits due to an upward trend in home prices in the suburb averaged 11.33% per annum over a 3-year period.
EMERALD now ranks at the 732nd 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 EMERALD are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $365 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 EMERALD, homes and units usually stay on listing for an average of 106.0 days.
In 2016, 285 properties were sold in EMERALD during the past year, making it the 427th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.6%||-0.9%|
|Median 3 years||34%||15.61%|
|Median 5 years||28.85%||8.03%|
|10 years average annual||-0.36%||-3.16%|
|Weekly media advert. rent||$365||$255|
|Time on Market||106.0 days||169.6 days|
|Gross Rental Yield Percent||5.67%||8.05%|