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Freshwater
AREA REPORTS

Freshwater

Freshwater - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4870

house
unit

FRESHWATER, 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 $530,000.

Profits due to an upward trend in home prices in the suburb averaged 1.05% per annum over a 3-year period.

FRESHWATER now ranks at the 42nd place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $580 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FRESHWATER, homes and units usually stay on listing for an average of 67.8 days.

In 2016, 38 properties were sold in FRESHWATER during the past year, making it the 335th most active market in QLD based on total real estate transactions.

Data report can be found below

Freshwater
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 $285,000
GROWTH REPORT
Median Quarterly 9.28% 1.79%
Median 12 month -7.83% 17.53%
Median 3 years 3.16% 4.59%
Median 5 years 3.72% -5%
10 years average annual 1.2% 1.31%
Weekly media advert. rent $580 $345
Time on Market 67.8 days 53.0 days
Gross Rental Yield Percent 5.69% 6.29%
demographics (median values)*
Total Population
1975
Weekly Household Income
1183
Household Size
2.40
Age
37
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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