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1 MIN READHouse Prices Push Average Australian’s Wealth Even Higher In 2022
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Port DouglasPort Douglas - SUBURB PROFILE REPORT
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Property investors have seen a 2.52% gain in PORT DOUGLAS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PORT DOUGLAS, 4877 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 $815,000
Profits averaged 11.81% per annum over a 3-year period, due to an upward trend in home prices in PORT DOUGLAS, 4877.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in PORT DOUGLAS, 4877 is 4.15%.
An average of 9.33 real estate transactions take place per month in PORT DOUGLAS which translates to 112 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $815,000 | $260,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.52% | 0% |
| Median 12 month | 5.16% | -6.81% |
| Median 3 years | 35.44% | 14.04% |
| Median 5 years | 49.54% | 13.04% |
| 10 years average annual | 5.87% | 4.04% |
| Weekly media advert. rent | $650 | $350 |
| Time on Market | 93.2 days | 79.8 days |
| Gross Rental Yield Percent | 4.15% | 7% |
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