Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 3.38% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $704,000
The augmented property values in the suburb are trailing behind the territorial average of 2% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in BRIGHTON usually have to wait an average of 55.4 days days before their assets are lifted off the market.
The SA suburb ranks 308th on the list of best yielding suburbs for rental properties in SA, posting a 3.55% return.
It also places places 218th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $704,000 | $400,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.22% | 2.56% |
| Median 12 month | -2.22% | 1.78% |
| Median 3 years | 3.38% | 8.84% |
| Median 5 years | 10.43% | 2.28% |
| 10 years average annual | 2.54% | 1.55% |
| Weekly media advert. rent | $480 | $320 |
| Time on Market | 55.4 days | 53.0 days |
| Gross Rental Yield Percent | 3.55% | 4.16% |
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
Despite facing lockdowns and an election, New Zealand property is moving from strength to strength, with a researcher tipping the Australian...
Housing affordability will continue to improve moderately over the next 12 months because of low mortgage interest rates and lower housing p...
Queensland has started recovering from the effects of the COVID-19 pandemic, with the regional rental markets leading the charge. ...
The race that stops the nation won’t be stopping a large number of homes from going under the hammer in Victoria this week. ...
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Get notifications in real-time for staying up to date with content that matters to you.
