Garbutt

POSTAL CODE: QLD, 4814

HOUSE

UNIT

Property investments in GARBUTT fare well against the rest of the country last year, registering a median home price increase of 18.42%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GARBUTT, 4814 saw average growth in the long term.

Real estate investors could earn a rental income of $515 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 36.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $562,500.

GARBUTT ranks 133rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.76% return.

GARBUTT, 4814 ranks 367th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.32% for property investors last year.

Based on its average 5-year and quarterly capital gains GARBUTT, 4814 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in GARBUTT, 4814 averaged 27.45% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 5.37% increase in returns based on the current median price in GARBUTT.

An average of 2.17 real estate transactions take place per month in GARBUTT which translates to 26 per annum.

26 properties were sold in GARBUTT during the past year, making it the 218th most active market in QLD based on total real estate transactions.

GARBUTT, 4814 places 328th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$562,500	$387,500
Growth Report
Median Quarterly	3.97%	0.91%
Median 12 month	18.42%	18.32%
Median 3 years	84.12%	82.35%
Median 5 years	104.55%	112.91%
10 years average annual	8.36%	6.73%
Weekly media advert. rent	$515	$400
Time on Market	36.7 days	23.5 days
Gross Rental Yield Percent	4.76%	5.37%

Demographics (Median Values)*

Total Population 2388

Weekly Household Income 619.8

Household Size 2.20

Average Age 34

Monthly Loan Repayment 1009

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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