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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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Somerton ParkSomerton Park - SUBURB PROFILE REPORT
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Figures from the previous quarter show that capital gains for real estate buyers in SOMERTON PARK are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 2.88% increase in returns based on the current median price in SOMERTON PARK.
SOMERTON PARK, 5044 ranks 440th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 304th on the list of best yielding suburbs for rental properties in SA, posting a 2.88% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $993,750 | $437,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.13% | 0% |
| Median 12 month | -3.43% | 9.38% |
| Median 3 years | 12.93% | 9.65% |
| Median 5 years | 30.33% | 11.32% |
| 10 years average annual | 4.7% | 3.09% |
| Weekly media advert. rent | $550 | $365 |
| Time on Market | 45.6 days | 44.8 days |
| Gross Rental Yield Percent | 2.88% | 4.34% |
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