House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Property investors have seen a 0.16% gain in WHITE ROCK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WHITE ROCK, 4868 saw average growth in the long term.
The QLD 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 $310,500
Profits averaged -0.48% per annum over a 3-year period, due to an downward trend in home prices in WHITE ROCK, 4868.
This means, real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
The gross rental yield in WHITE ROCK, 4868 is 6.11%.
An average of 5.5 real estate transactions take place per month in WHITE ROCK which translates to 66 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,500 | $239,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.16% | -11.3% |
| Median 12 month | 5.25% | -9.28% |
| Median 3 years | -1.43% | -0.21% |
| Median 5 years | 13.53% | -10.55% |
| 10 years average annual | 0.29% | -0.91% |
| Weekly media advert. rent | $365 | $330 |
| Time on Market | 72.8 days | 110.4 days |
| Gross Rental Yield Percent | 6.11% | 7.16% |
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