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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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Seaford MeadowsSeaford Meadows - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $480,000.
The upward trend in home prices in SEAFORD MEADOWS, 5169 averaged 8.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.55% increase in returns based on the current median price in SEAFORD MEADOWS.
An average of 10.75 real estate transactions take place per month in SEAFORD MEADOWS which translates to 129 per annum.
129 properties were sold in SEAFORD MEADOWS in 2016, making it the 457th most active market in SA based on total real estate transactions.
SEAFORD MEADOWS, 5169 places 108th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | $320,000 |
| GROWTH REPORT | ||
| Median Quarterly | 9.84% | -3.03% |
| Median 12 month | 19.85% | 6.67% |
| Median 3 years | 24.29% | 7.74% |
| Median 5 years | 24.68% | 6.84% |
| 10 years average annual | 3.92% | 2.11% |
| Weekly media advert. rent | $420 | $350 |
| Time on Market | 28.2 days | 0.0 days |
| Gross Rental Yield Percent | 4.55% | 5.69% |
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