Melbourne office tenants leave CBD and head to the suburbs
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
A steady increase in median property prices over a five-year period in the suburb translates to a 16.3% 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 $655,500
The augmented property values in the suburb are trailing behind the territorial average of 3.01% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $580.
Home owners selling their properties and realtors in DAW PARK usually have to wait an average of 27.9 days days before their assets are lifted off the market.
The SA suburb ranks 136th on the list of best yielding suburbs for rental properties in SA, posting a 4.6% return.
It also places places 288th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $655,500 | $330,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.46% | 0.61% |
| Median 12 month | -0.68% | 4.43% |
| Median 3 years | 16.3% | 10.92% |
| Median 5 years | 26.06% | 3.13% |
| 10 years average annual | 4.06% | 1.02% |
| Weekly media advert. rent | $580 | $295 |
| Time on Market | 27.9 days | 45.9 days |
| Gross Rental Yield Percent | 4.6% | 4.65% |
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
Australian first home buyers dominated the market in 2020, increasing their market share by 50.4 per cent in the past year. ...
The rate of workers returning to the office has decelerated nationwide, suggesting there is a long way to go to before Australia’s commerc...
The Victorian and NSW governments have announced new standards for apartment buildings, as both look to create greener buildings for resid...
Australia’s GDP has grown by 3.1 per cent during the December quarter, beating market expectations of a 2.5 per cent increase, official fi...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Get notifications in real-time for staying up to date with content that matters to you.
