How much has your property fallen in the last quarter?
Residential property prices fell by 0.7 per cent in the June quarter, according to newly released national figures. ...
GISBORNE, 3437 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling GISBORNE, 3437 values up and netting property investors a capital gain of 17.12% for the past year.
Investors saw the median home price rise to $771,250.
Profits due to an upward trend in home prices in the suburb averaged 13.45% per annum over a 3-year period.
GISBORNE now ranks at the 94th 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 GISBORNE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GISBORNE, homes and units usually stay on listing for an average of 55.8 days.
In 2016, 131 properties were sold in GISBORNE during the past year, making it the 612th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $771,250 | $502,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.08% | 13.32% |
| Median 12 month | 17.12% | 12.81% |
| Median 3 years | 40.35% | 15.4% |
| Median 5 years | 55.03% | 46.78% |
| 10 years average annual | 8.21% | 6.5% |
| Weekly media advert. rent | $460 | $360 |
| Time on Market | 55.8 days | 48.5 days |
| Gross Rental Yield Percent | 3.1% | 3.73% |
Residential property prices fell by 0.7 per cent in the June quarter, according to newly released national figures. ...
Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing grow...
As Australian house prices stabilise, one capital city has been predicted to outstrip all other markets in value growth over the next three ...
New figures from AMP Bank have shown a “significant uptick” in the number of home loan customers switching from IO to P&I loans ahea...
The risks that prompted APRA’s initial crackdown on mortgage lending “have not gone away”, chair Wayne Byres has said, warning against...
With housing now seen as the ultimate status of wealth, Australia is in for an outpour of new investors looking to add to their property por...
Get notifications in real-time for staying up to date with content that matters to you.