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...
Homeowners and real estate investors betting on CAIRNS CITY, 4870 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 13.56%.
Property investors enjoyed capital gains of 13.56% over the last 12 months in CAIRNS CITY, translating to lower returns compared with its peers in QLD.
CAIRNS CITY, 4870 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 $335,000.
Profits due to an downward trend in home prices in CAIRNS CITY, 4870 averaged -4.55% per annum over a 3-year period.
Home owners selling their properties and realtors in CAIRNS CITY usually have to wait an average of 84.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $430 mark, reflecting a 6.67% increase in returns based on the current median price in CAIRNS CITY.
CAIRNS CITY, 4870 places 272nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $335,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -11.84% |
| Median 12 month | N/A | 13.56% |
| Median 3 years | N/A | -13.66% |
| Median 5 years | N/A | -1.47% |
| 10 years average annual | N/A | -1.95% |
| Weekly media advert. rent | N/A | $430 |
| Time on Market | N/A | 84.3 days |
| Gross Rental Yield Percent | N/A | 6.67% |
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...
Having a well-structured mortgage loan that suits the investor’s specific needs, capabilities, limitations and long-term goals is among th...
Property is just as prone to changing styles and trends as any other aspect of society – so with a new decade just about upon us, what are...
Before diving into your first property purchase, get to know the basics of property investment, starting with the most common types of inves...
The central bank remains prepared to cut rates further, despite growing concerns that monetary policy has “lost its potency”. ...
Several property investors consider a good team of professionals as one of the most important keys to success in wealth creation. How do you...
Get notifications in real-time for staying up to date with content that matters to you.