Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
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 $267,500.
Average weekly rents on listings have reached the $350 mark, reflecting a 6.8% increase in returns based on the current median price in THE GAP.
An average of 1.33 real estate transactions take place per month in THE GAP which translates to 16 per annum.
16 properties were sold in THE GAP in 2016, making it the 680th most active market in QLD based on total real estate transactions.
THE GAP, 4825 places 52nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||3.82%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||6.8%||N/A|