Property 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 ...
COFFIN BAY, 5607 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 $415,000.
Profits due to an upward trend in home prices in the suburb averaged 6.76% per annum over a 3-year period.
COFFIN BAY now ranks at the 378th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COFFIN BAY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $330 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COFFIN BAY, homes and units usually stay on listing for an average of 110.9 days.
In 2016, 46 properties were sold in COFFIN BAY during the past year, making it the 159th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.35%||N/A|
|Median 3 years||20.29%||N/A|
|Median 5 years||31.75%||N/A|
|10 years average annual||2.42%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||110.9 days||N/A|
|Gross Rental Yield Percent||4.13%||N/A|