Vacancy rates hold steady
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
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 $315,000.
The downward trend in home prices in SOUTH TOWNSVILLE, 4810 averaged -2.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $330 mark, reflecting a 5.45% increase in returns based on the current median price in SOUTH TOWNSVILLE.
An average of 2.67 real estate transactions take place per month in SOUTH TOWNSVILLE which translates to 32 per annum.
32 properties were sold in SOUTH TOWNSVILLE in 2016, making it the 372nd most active market in QLD based on total real estate transactions.
SOUTH TOWNSVILLE, 4810 places 362nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $315,000 | $343,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.96% | -2% |
| Median 12 month | -3.08% | -8.53% |
| Median 3 years | -7.08% | 3.13% |
| Median 5 years | -9.68% | -34.04% |
| 10 years average annual | -1.2% | 1.32% |
| Weekly media advert. rent | $330 | $360 |
| Time on Market | 88.8 days | 79.6 days |
| Gross Rental Yield Percent | 5.45% | 5.46% |
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