Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
Homeowners and real estate investors betting on CYGNET, 7112 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 13.71%.
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 $365,000
Profits averaged 7.91% per annum over a 3-year period, due to an upward trend in home prices in CYGNET, 7112.
This means, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in CYGNET, 7112 is 4.56%.
An average of 2.83 real estate transactions take place per month in CYGNET which translates to 34 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $365,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 13.71% | N/A |
| Median 3 years | 23.73% | N/A |
| Median 5 years | 16.24% | N/A |
| 10 years average annual | 3.94% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 90.1 days | N/A |
| Gross Rental Yield Percent | 4.56% | N/A |
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
One of Australia’s popular capital cities that’s due for recovery has seen an increase in its house price during the December 2018 quart...
The national vacancy rate increased over December, new data has found, with all but two capital cities holding steady. ...
A combination of wet weather and expectations from the banking royal commission are predicted to bring a refreshing change to some regional ...
The NSW government has found Sydney’s Opal Tower is structurally sound, but “significant rectification” works are required to repair a...
After a period of suffering the negative effects of the end of the mining boom, the Perth property market has since stabilised and turned ou...