Brisbane property market update February 2021
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
Property investors have seen a 2.7% gain in MERNDA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MERNDA, 3754 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 $570,000
Profits averaged 2.86% per annum over a 3-year period, due to an upward trend in home prices in MERNDA, 3754.
This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
The gross rental yield in MERNDA, 3754 is 3.6%.
An average of 23.08 real estate transactions take place per month in MERNDA which translates to 277 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | $422,100 |
| GROWTH REPORT | ||
| Median Quarterly | 2.7% | 7.95% |
| Median 12 month | 4.59% | 9.49% |
| Median 3 years | 8.57% | 24.15% |
| Median 5 years | 40.74% | 37.27% |
| 10 years average annual | 4.16% | 4.22% |
| Weekly media advert. rent | $395 | $350 |
| Time on Market | 40.5 days | 68.7 days |
| Gross Rental Yield Percent | 3.6% | 4.31% |
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
Perth desperately needs an influx of rental stock in the market to provide renters with more housing options, an expert has said. ...
Australian housing loan commitment has reached another record high in January, rising by 10.5 per cent in the last month alone, official fig...
Tenants should brace themselves for rental price hikes as tightening vacancy rates continue across the country, new research has revealed. ...
The Reserve Bank of Australia has made its second call on the official cash rate for this year, following its decision to cut the rate to...
The latest auction figures are showing a booming market, with buyers looking to make the most of the ultra-cheap money, but while their inte...
Get notifications in real-time for staying up to date with content that matters to you.
