When will house prices rise? A new report reveals all
Though the property market is tipped to bottom out sooner than expected following the federal election, new research shows actual gains coul...
A steady increase in median property prices over a five-year period in the suburb translates to a 18.55% capital gain.
It 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 $310,000
The augmented property values in the suburb are trailing above the territorial average of 3.57% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $290.
Home owners selling their properties and realtors in KORUMBURRA usually have to wait an average of 64.6 days days before their assets are lifted off the market.
The VIC suburb ranks 104th on the list of best yielding suburbs for rental properties in VIC, posting a 4.86% return.
It also places places 243rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | $235,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.9% | 2.17% |
| Median 12 month | 6.16% | 3.98% |
| Median 3 years | 18.55% | 18.99% |
| Median 5 years | 29.71% | -0.32% |
| 10 years average annual | 4.76% | 3.14% |
| Weekly media advert. rent | $290 | $250 |
| Time on Market | 64.6 days | 0.0 days |
| Gross Rental Yield Percent | 4.86% | 5.53% |
Though the property market is tipped to bottom out sooner than expected following the federal election, new research shows actual gains coul...
A non-major lender has revealed new modelling which shows how Australians with a moderate mortgage can save up to $47,000 in interest paymen...
Australia’s banks and lenders are under pressure from lobbyists to ease their access to finance for Australian property buyers, following ...
In response to new guidance from the banking regulator, another one of the big four banks has adjusted its loan serviceability terms. ...
Those property investors with property in their superannuation should review their arrangements in light of current market conditions, accor...
A healthy credit score can be the difference between securing a loan and being rejected, but many property investors don’t realise the lit...
Get notifications in real-time for staying up to date with content that matters to you.