Industry Sets Expectations For Albanese Government
Now that the 2022 federal election has been decided, the industry is watching keenly to see how Labor’s housing promis...
BARCALDINE, 4725 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 $214,000.
Profits due to an upward trend in home prices in the suburb averaged 0.1% per annum over a 3-year period.
BARCALDINE now ranks at the 961st 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 BARCALDINE 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 $265 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 BARCALDINE, homes and units usually stay on listing for an average of 143.1 days.
In 2016, 36 properties were sold in BARCALDINE during the past year, making it the 362nd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.61%||N/A|
|Median 3 years||0.3%||N/A|
|Median 5 years||7%||N/A|
|10 years average annual||2.32%||N/A|
|Weekly media advert. rent||$265||N/A|
|Time on Market||143.1 days||N/A|
|Gross Rental Yield Percent||6.44%||N/A|