House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Property investors have seen a -4.36% drop in QUEENSTOWN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains QUEENSTOWN, 5014 saw average growth in the long term.
The SA 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 $505,000
Profits averaged 10.25% per annum over a 3-year period, due to an upward trend in home prices in QUEENSTOWN, 5014.
This means, real estate investors could earn a rental income of $435 based on current median home prices for the suburb.
The gross rental yield in QUEENSTOWN, 5014 is 4.48%.
An average of 1.75 real estate transactions take place per month in QUEENSTOWN which translates to 21 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.32%||N/A|
|Median 3 years||30.74%||5%|
|Median 5 years||23.17%||N/A|
|10 years average annual||4.02%||0.31%|
|Weekly media advert. rent||$435||$310|
|Time on Market||63.6 days||0.0 days|
|Gross Rental Yield Percent||4.48%||5.12%|