‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
MIRANI, 4754 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 MIRANI, 4754 values up and netting property investors a capital gain of 15.79% for the past year.
Investors saw the median home price rise to $330,000.
MIRANI now ranks at the 34th 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 MIRANI are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $360 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 MIRANI, homes and units usually stay on listing for an average of 104.0 days.
In 2016, 16 properties were sold in MIRANI during the past year, making it the 665th most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.55% | N/A |
| Median 12 month | 15.79% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -14.29% | N/A |
| 10 years average annual | 3.79% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 104.0 days | N/A |
| Gross Rental Yield Percent | 5.67% | N/A |
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