Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
A steady increase in median property prices over a five-year period in the suburb translates to a 11.91% capital gain.
The 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 $2,630,000.
Profits due to an upward trend in home prices there averaged 3.97% per annum over a 3-year period.
Home owners selling their properties and realtors in MIDDLE PARK usually have to wait an average of 79.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $792.5 mark, reflecting a 1.57% increase in returns based on the current median price in MIDDLE PARK.
MIDDLE PARK, 3206 places 610th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,630,000 | $917,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.49% | -5.9% |
| Median 12 month | -2.77% | 23.57% |
| Median 3 years | 11.91% | 20.72% |
| Median 5 years | 17.21% | 31.07% |
| 10 years average annual | 6.93% | 4.97% |
| Weekly media advert. rent | $792.5 | $440 |
| Time on Market | 79.6 days | 0.0 days |
| Gross Rental Yield Percent | 1.57% | 2.49% |
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
The rental market finished the year strong, with December clocking the largest monthly increase in rental rates since 2010, as the regions c...
All 130-plus rental standard reforms from the Victorian government are now available for viewing, in a bid to make renting “fairer” for ...
The ACT government has recently launched a tool that it said will help the territory’s renters to assess their home’s energy efficiency ...
With the number of COVID-19-impacted tenants now dropping, Australia’s professional real estate body is leading a call to the national cab...
Aussies looking to sell their property are being offered up to $60,000 in specialised finance to renovate or upgrade their property and cove...
Get notifications in real-time for staying up to date with content that matters to you.
