487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $412,000.
The upward trend in home prices in WESTCOURT, 4870 averaged 4.76% per annum over a 3-year period.
Average weekly rents on listings have reached the $425 mark, reflecting a 5.36% increase in returns based on the current median price in WESTCOURT.
An average of 3.42 real estate transactions take place per month in WESTCOURT which translates to 41 per annum.
41 properties were sold in WESTCOURT in 2016, making it the 307th most active market in QLD based on total real estate transactions.
WESTCOURT, 4870 places 727th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.56%||1.57%|
|Median 3 years||14.29%||-1.3%|
|Median 5 years||24.85%||8.1%|
|10 years average annual||3.38%||3.51%|
|Weekly media advert. rent||$425||$315|
|Time on Market||49.7 days||65.3 days|
|Gross Rental Yield Percent||5.36%||7.22%|