NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
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 $520,000.
Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.
FRESHWATER now ranks at the 692nd 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 64.2 days.
In 2016, 39 properties were sold in FRESHWATER during the past year, making it the 323rd most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.77%||23.4%|
|Median 3 years||0%||7.61%|
|Median 5 years||0%||-3.33%|
|10 years average annual||1.11%||1.81%|
|Weekly media advert. rent||$580||$342.5|
|Time on Market||64.2 days||62.7 days|
|Gross Rental Yield Percent||5.8%||6.14%|