PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Subscribe to our newsletter
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 $581,000
The augmented property values in the suburb are trailing above the territorial average of 1.09% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $560.
Home owners selling their properties and realtors in PALM COVE usually have to wait an average of 90.2 days days before their assets are lifted off the market.
The QLD suburb ranks 333rd on the list of best yielding suburbs for rental properties in QLD, posting a 5.01% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $581,000 | $265,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.75% |
| Median 12 month | 1.71% | -16.21% |
| Median 3 years | 4.12% | -7.02% |
| Median 5 years | -3.57% | -3.81% |
| 10 years average annual | 1.03% | -2.25% |
| Weekly media advert. rent | $560 | $350 |
| Time on Market | 90.2 days | 126.0 days |
| Gross Rental Yield Percent | 5.01% | 6.87% |
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
The Australian Housing and Urban Research Institute (AHURI) is undertaking several priority research projects which aim to help governments ...
With the end of financial year approaching, coupled with the current climate, two experts have shed light on the value of investors having g...
A local professional has highlighted four key trends likely to impact Australia’s real estate industry. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
