Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Homeowners and real estate investors betting on TOWNSVILLE CITY, 4810 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 10.27%.
Property investors enjoyed capital gains of 10.27% over the last 12 months in TOWNSVILLE CITY, translating to lower returns compared with its peers in QLD.
TOWNSVILLE CITY, 4810 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 $365,000.
Profits due to an downward trend in home prices in TOWNSVILLE CITY, 4810 averaged -3.66% per annum over a 3-year period.
Home owners selling their properties and realtors in TOWNSVILLE CITY usually have to wait an average of 92.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $390 mark, reflecting a 5.56% increase in returns based on the current median price in TOWNSVILLE CITY.
TOWNSVILLE CITY, 4810 places 224th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -1.35% |
| Median 12 month | N/A | 10.27% |
| Median 3 years | N/A | -10.98% |
| Median 5 years | N/A | -12.57% |
| 10 years average annual | N/A | -1.7% |
| Weekly media advert. rent | N/A | $390 |
| Time on Market | N/A | 92.9 days |
| Gross Rental Yield Percent | N/A | 5.56% |
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