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6 MIN READProperty Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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EssendonEssendon - SUBURB PROFILE REPORT
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Property investors have seen a 2.19% gain in ESSENDON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON, 3040 saw average growth in the long term.
The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,635,000
Profits averaged 3.87% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 3040.
This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
The gross rental yield in ESSENDON, 3040 is 1.75%.
An average of 15.67 real estate transactions take place per month in ESSENDON which translates to 188 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,635,000 | $620,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.19% | -4.32% |
| Median 12 month | 9% | -6.77% |
| Median 3 years | 11.6% | 24% |
| Median 5 years | 54.39% | 18.1% |
| 10 years average annual | 6.26% | 3.69% |
| Weekly media advert. rent | $550 | $370 |
| Time on Market | 79.0 days | 66.2 days |
| Gross Rental Yield Percent | 1.75% | 3.1% |
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