Property 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 ...
MINYIP, 3392 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 $138,500.
Profits due to an upward trend in home prices in the suburb averaged 21.63% per annum over a 3-year period.
MINYIP now ranks at the 42nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MINYIP are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MINYIP, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in MINYIP during the past year, making it the 739th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||64.88%||N/A|
|Median 5 years||62.94%||N/A|
|10 years average annual||43.15%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|