Caravonica

POSTAL CODE: QLD, 4878

HOUSE

UNIT

Property investments in CARAVONICA fare well against the rest of the country last year, registering a median home price increase of 19.84%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CARAVONICA, 4878 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 35 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $755,000.

CARAVONICA ranks 190th on the list of best yielding suburbs for rental properties in QLD, posting a 4.48% return.

Based on its average 5-year and quarterly capital gains CARAVONICA, 4878 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in CARAVONICA, 4878 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in CARAVONICA.

An average of 0.83 real estate transactions take place per month in CARAVONICA which translates to 10 per annum.

10 properties were sold in CARAVONICA during the past year, making it the 422nd most active market in QLD based on total real estate transactions.

CARAVONICA, 4878 places 129th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$755,000	$453,500
Growth Report
Median Quarterly	6.26%	5.47%
Median 12 month	19.84%	0%
Median 3 years	46.25%	0%
Median 5 years	60.64%	0%
10 years average annual	7.95%	0%
Weekly media advert. rent	$650	N/A
Time on Market	35 days	N/A
Gross Rental Yield Percent	4.48%	0%

Demographics (Median Values)*

Total Population 1985

Weekly Household Income 1071

Household Size 2.70

Average Age 35

Monthly Loan Repayment 1192

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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