Rule of thumb for first-time property investors
Australians looking to break into the property market are being advised to do their research, speak to professionals and use debt in the rig...
SLADE POINT, 4740 ranks 2599th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 0.95% 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 $318,000.
The upward trend in home prices in SLADE POINT, 4740 averaged 4.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 6.05% increase in returns based on the current median price in SLADE POINT.
An average of 4.42 real estate transactions take place per month in SLADE POINT which translates to 53 per annum.
53 properties were sold in SLADE POINT in 2016, making it the 232nd most active market in QLD based on total real estate transactions.
SLADE POINT, 4740 places 737th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $318,000 | $226,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.43% | N/A |
| Median 12 month | 0.95% | N/A |
| Median 3 years | 13.69% | N/A |
| Median 5 years | 4.26% | N/A |
| 10 years average annual | -1.23% | N/A |
| Weekly media advert. rent | $370 | $235 |
| Time on Market | 82.1 days | 0.0 days |
| Gross Rental Yield Percent | 6.05% | 5.4% |
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