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1 MIN READHouse Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
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Upper BurnieUpper Burnie - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $342,500.
The upward trend in home prices in UPPER BURNIE, 7320 averaged 15.98% per annum over a 3-year period.
Average weekly rents on listings have reached the $345 mark, reflecting a 5.24% increase in returns based on the current median price in UPPER BURNIE.
An average of 3.67 real estate transactions take place per month in UPPER BURNIE which translates to 44 per annum.
44 properties were sold in UPPER BURNIE in 2016, making it the 59th most active market in TAS based on total real estate transactions.
UPPER BURNIE, 7320 places 72nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $342,500 | $225,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.03% | 2.27% |
| Median 12 month | 26.85% | 20% |
| Median 3 years | 47.95% | 31.58% |
| Median 5 years | 90.28% | N/A |
| 10 years average annual | 6.49% | 10.31% |
| Weekly media advert. rent | $345 | N/A |
| Time on Market | 29.4 days | 65.4 days |
| Gross Rental Yield Percent | 5.24% | N/A |
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