How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
A steady increase in median property prices over a five-year period in the suburb translates to a 3.45% 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 $120,000
The augmented property values in the suburb are trailing behind the territorial average of 1.43% in 2016.
Home owners selling their properties and realtors in GLADSTONE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The SA suburb ranks 426th on the list of best yielding suburbs for rental properties in SA, posting a 0% return.
It also places places 356th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $120,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | 3.45% | N/A |
| Median 5 years | 0.84% | N/A |
| 10 years average annual | -1.17% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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