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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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Gladstone ParkGladstone Park - 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 $726,000.
The upward trend in home prices in GLADSTONE PARK, 3043 averaged 5.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $401 mark, reflecting a 2.87% increase in returns based on the current median price in GLADSTONE PARK.
An average of 11.92 real estate transactions take place per month in GLADSTONE PARK which translates to 143 per annum.
143 properties were sold in GLADSTONE PARK in 2016, making it the 622nd most active market in VIC based on total real estate transactions.
GLADSTONE PARK, 3043 places 580th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $726,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.82% | N/A |
| Median 12 month | 13.44% | N/A |
| Median 3 years | 15.24% | N/A |
| Median 5 years | 38.95% | N/A |
| 10 years average annual | 6.95% | N/A |
| Weekly media advert. rent | $401 | N/A |
| Time on Market | 28.4 days | N/A |
| Gross Rental Yield Percent | 2.87% | N/A |
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