Supply Issue Swells On The Sunshine Coast
Property listings are drying up on the Sunshine Coast, dropping further below the decade low clocked in November. ...
Property investors have seen a 1.98% gain in ALTONA MEADOWS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ALTONA MEADOWS, 3028 saw average growth in the long term.
The VIC 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 $642,500
Profits averaged 0.93% per annum over a 3-year period, due to an upward trend in home prices in ALTONA MEADOWS, 3028.
This means, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in ALTONA MEADOWS, 3028 is 3.04%.
An average of 11.83 real estate transactions take place per month in ALTONA MEADOWS which translates to 142 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.63%||0.75%|
|Median 3 years||2.8%||7.55%|
|Median 5 years||42.78%||30.47%|
|10 years average annual||5.1%||4.02%|
|Weekly media advert. rent||$375||$340|
|Time on Market||35.5 days||40.2 days|
|Gross Rental Yield Percent||3.04%||3.76%|