Housing market reached turning point mid-2019
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Property investors have seen a 0.53% gain in BRIGHTON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BRIGHTON, 7030 saw average growth in the long term.
The TAS 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 $378,000
Profits averaged 7.71% per annum over a 3-year period, due to an upward trend in home prices in BRIGHTON, 7030.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in BRIGHTON, 7030 is 5.92%.
An average of 6.08 real estate transactions take place per month in BRIGHTON which translates to 73 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $378,000 | $299,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.53% | 0.14% |
| Median 12 month | 8% | 8.73% |
| Median 3 years | 23.13% | 38.43% |
| Median 5 years | 31.48% | 38.43% |
| 10 years average annual | 3.3% | 3.54% |
| Weekly media advert. rent | $430 | $350 |
| Time on Market | 29.8 days | 48.9 days |
| Gross Rental Yield Percent | 5.92% | 6.09% |
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