$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Property investments in MISSION BEACH fare well against the rest of the country last year, registering a median home price increase of 31.71%.
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 MISSION BEACH, 4852 saw average growth in the long term.
Real estate investors could earn a rental income of $331 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 122.2 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 $405,000.
MISSION BEACH ranks 542nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.25% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $405,000 | $292,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 24.52% |
| Median 12 month | 31.71% | 186.27% |
| Median 3 years | 33.88% | 265% |
| Median 5 years | 15.38% | 484% |
| 10 years average annual | 2.08% | 54.13% |
| Weekly media advert. rent | $331 | $300 |
| Time on Market | 122.2 days | 0.0 days |
| Gross Rental Yield Percent | 4.25% | 5.34% |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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