Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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 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%|