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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PARADISE BEACH, 3851 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 PARADISE BEACH, 3851 values up and netting property investors a capital gain of 4.91% for the past year.
Investors saw the median home price rise to $208,500.
Profits due to an upward trend in home prices in the suburb averaged 5.28% per annum over a 3-year period.
PARADISE BEACH now ranks at the 129th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PARADISE BEACH, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 18 properties were sold in PARADISE BEACH during the past year, making it the 494th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $208,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.25% | N/A |
| Median 12 month | 4.91% | N/A |
| Median 3 years | 15.83% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -2.04% | 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 |
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