PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 42.41% capital gain.
Property investors in CARLTON enjoyed capital gains of 1.69% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $361,000.
Profits due to an upward trend in home prices there averaged 14.14% per annum over a 3-year period.
Home owners selling their properties and realtors in CARLTON usually have to wait an average of 82.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $390 mark, reflecting a 5.62% increase in returns based on the current median price in CARLTON.
CARLTON, 7173 places 75th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $361,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.4% | N/A |
| Median 12 month | 1.69% | N/A |
| Median 3 years | 42.41% | N/A |
| Median 5 years | 51.2% | N/A |
| 10 years average annual | 5.64% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 82.8 days | N/A |
| Gross Rental Yield Percent | 5.62% | N/A |
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
The Australian Housing and Urban Research Institute (AHURI) is undertaking several priority research projects which aim to help governments ...
With the end of financial year approaching, coupled with the current climate, two experts have shed light on the value of investors having g...
A local professional has highlighted four key trends likely to impact Australia’s real estate industry. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
