Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $360,000.
The upward trend in home prices in BAIRNSDALE, 3875 averaged 11.95% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 5.34% increase in returns based on the current median price in BAIRNSDALE.
An average of 19.25 real estate transactions take place per month in BAIRNSDALE which translates to 231 per annum.
231 properties were sold in BAIRNSDALE in 2016, making it the 393rd most active market in VIC based on total real estate transactions.
BAIRNSDALE, 3875 places 49th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.03%||19.38%|
|Median 3 years||35.85%||37.86%|
|Median 5 years||41.45%||25.87%|
|10 years average annual||4.54%||3.81%|
|Weekly media advert. rent||$370||$300|
|Time on Market||33.6 days||36.1 days|
|Gross Rental Yield Percent||5.34%||5.39%|