‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
A steady increase in median property prices over a five-year period in the suburb translates to a -5.08% capital gain.
It 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 $598,000
The augmented property values in the suburb are trailing above the territorial average of 2.4% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $540.
Home owners selling their properties and realtors in PALM COVE usually have to wait an average of 92.8 days days before their assets are lifted off the market.
The QLD suburb ranks 369th on the list of best yielding suburbs for rental properties in QLD, posting a 4.7% return.
It also places places 616th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $598,000 | $312,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.64% | -2.34% |
| Median 12 month | 11.78% | 0.81% |
| Median 3 years | -5.08% | 22.55% |
| Median 5 years | 15% | 25.13% |
| 10 years average annual | 2% | -2.74% |
| Weekly media advert. rent | $540 | $330 |
| Time on Market | 92.8 days | 123.2 days |
| Gross Rental Yield Percent | 4.7% | 5.49% |
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...