Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a 4.05% 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 $603,500
Profits averaged 3.92% 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 $500 based on current median home prices for the suburb.
The gross rental yield in PORT DOUGLAS, 4877 is 4.31%.
An average of 4.25 real estate transactions take place per month in PORT DOUGLAS which translates to 51 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $603,500 | $220,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.05% | 0.69% |
| Median 12 month | -6.43% | -4.35% |
| Median 3 years | 11.76% | 2.21% |
| Median 5 years | 37.79% | 0% |
| 10 years average annual | 1.17% | -0.08% |
| Weekly media advert. rent | $500 | $350 |
| Time on Market | 113.1 days | 98.8 days |
| Gross Rental Yield Percent | 4.31% | 8.27% |
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