Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
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 $315,000.
Profits due to an downward trend in home prices in TOWNSVILLE CITY, 4810 averaged -3.96% per annum over a 3-year period.
Home owners selling their properties and realtors in TOWNSVILLE CITY usually have to wait an average of 106.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $380 mark, reflecting a 6.27% increase in returns based on the current median price in TOWNSVILLE CITY.
TOWNSVILLE CITY, 4810 places 152nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $315,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -0.79% |
| Median 12 month | N/A | -4.55% |
| Median 3 years | N/A | -11.89% |
| Median 5 years | N/A | -11.27% |
| 10 years average annual | N/A | -3.09% |
| Weekly media advert. rent | N/A | $380 |
| Time on Market | N/A | 106.2 days |
| Gross Rental Yield Percent | N/A | 6.27% |
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