Canberra now Australia’s second most expensive property market
Canberra is now Australia’s second most expensive property market, overtaking Melbourne. ...
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 $582,250.
The upward trend in home prices in EPPING, 3076 averaged 3.81% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.48% increase in returns based on the current median price in EPPING.
An average of 24.08 real estate transactions take place per month in EPPING which translates to 289 per annum.
289 properties were sold in EPPING in 2016, making it the 357th most active market in VIC based on total real estate transactions.
EPPING, 3076 places 259th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $582,250 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.06% | 0.92% |
| Median 12 month | 7.82% | 10.22% |
| Median 3 years | 11.44% | 10.81% |
| Median 5 years | 47.41% | 22.02% |
| 10 years average annual | 5.06% | 2.84% |
| Weekly media advert. rent | $390 | $350 |
| Time on Market | 65.5 days | 53.4 days |
| Gross Rental Yield Percent | 3.48% | 4.44% |
Canberra is now Australia’s second most expensive property market, overtaking Melbourne. ...
First home buyers are dominating the Australian real estate market in a manner not seen in more than a decade. ...
Nearly 1 million tenants across Australia could be left homeless if rental debt is not forgotten when the moratorium on evictions lifts, ne...
The Reserve Bank of Australia has handed down a rate day decision for the last time in 2020, capping off a tumultuous year for the central b...
Since the introduction of comprehensive credit reporting, it matters when you pay your bills. Now your credit score is based on both positiv...
Business owners in NSW will no longer be required to allow employees to work from home due to COVID-19 restrictions. ...
Get notifications in real-time for staying up to date with content that matters to you.
