Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
BADGER CREEK, 3777 delivered a weaker 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 BADGER CREEK, 3777 values up and netting property investors a capital gain of 13.66% for the past year.
Investors saw the median home price rise to $495,000.
Profits due to an upward trend in home prices in the suburb averaged 16.29% per annum over a 3-year period.
BADGER CREEK now ranks at the 98th 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 BADGER CREEK 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 BADGER CREEK, homes and units usually stay on listing for an average of 14.5 days.
In 2016, 32 properties were sold in BADGER CREEK during the past year, making it the 308th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $495,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.93% | N/A |
| Median 12 month | 13.66% | N/A |
| Median 3 years | 48.87% | N/A |
| Median 5 years | 62.3% | N/A |
| 10 years average annual | 7.73% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 14.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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