Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a -2.48% drop in QUARRY HILL based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains QUARRY HILL, 3550 saw average growth in the long term.
The VIC 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 $392,500
Profits averaged 3.01% per annum over a 3-year period, due to an upward trend in home prices in QUARRY HILL, 3550.
This means, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
The gross rental yield in QUARRY HILL, 3550 is 4.5%.
An average of 4.17 real estate transactions take place per month in QUARRY HILL which translates to 50 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $392,500 | $286,250 |
| GROWTH REPORT | ||
| Median Quarterly | -2.48% | 4.09% |
| Median 12 month | -3.09% | N/A |
| Median 3 years | 9.03% | N/A |
| Median 5 years | 12.14% | N/A |
| 10 years average annual | 4.76% | N/A |
| Weekly media advert. rent | $340 | $280 |
| Time on Market | 85.5 days | 0.0 days |
| Gross Rental Yield Percent | 4.5% | 5.09% |
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