Inner-city Rental Markets Stabilise As Investors Look To Sell Up
Inner-city apartments are regaining some of their lost popularity across both Sydney and Melbourne, a new report has rev...
Property investors have seen a 8.21% gain in PORT DOUGLAS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PORT DOUGLAS, 4877 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 12.86%.
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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $708,750
Profits averaged 6.98% 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 $580 based on current median home prices for the suburb.
The gross rental yield in PORT DOUGLAS, 4877 is 4.26%.
An average of 4.5 real estate transactions take place per month in PORT DOUGLAS which translates to 54 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.86%||23.38%|
|Median 3 years||20.95%||26.67%|
|Median 5 years||33.73%||32.25%|
|10 years average annual||3.62%||3.06%|
|Weekly media advert. rent||$580||$330|
|Time on Market||148.2 days||135.4 days|
|Gross Rental Yield Percent||4.26%||6.02%|