Housing to become more affordable next year: expert
Housing affordability will continue to improve moderately over the next 12 months because of low mortgage interest rates and lower housing p...
It 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 $600,000
The augmented property values in the suburb are trailing behind the territorial average of 2.75% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in CANNON VALLEY usually have to wait an average of 116.3 days days before their assets are lifted off the market.
The QLD suburb ranks 529th on the list of best yielding suburbs for rental properties in QLD, posting a 4.16% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 2.13% | N/A |
| Median 3 years | 9.19% | N/A |
| Median 5 years | -10.45% | N/A |
| 10 years average annual | -1.71% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 116.3 days | N/A |
| Gross Rental Yield Percent | 4.16% | N/A |
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