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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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Altona MeadowsAltona Meadows - SUBURB PROFILE REPORT
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Property investors have seen a 2.82% gain in ALTONA MEADOWS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ALTONA MEADOWS, 3028 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.18%.
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 $730,000
Profits averaged 4.81% 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 $360 based on current median home prices for the suburb.
The gross rental yield in ALTONA MEADOWS, 3028 is 2.56%.
An average of 18.75 real estate transactions take place per month in ALTONA MEADOWS which translates to 225 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,000 | $492,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.82% | 1.23% |
| Median 12 month | 13.18% | 4.68% |
| Median 3 years | 14.42% | 7.66% |
| Median 5 years | 39.05% | 33.15% |
| 10 years average annual | 6.51% | 3.95% |
| Weekly media advert. rent | $360 | $340 |
| Time on Market | 36.3 days | 48.4 days |
| Gross Rental Yield Percent | 2.56% | 3.59% |
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