Brisbane property market update February 2021
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
GWELUP, 6018 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $800,000.
Profits due to an downward trend in home prices in the suburb averaged -2.5% per annum over a 3-year period.
GWELUP now ranks at the 265th 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 GWELUP are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $700 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GWELUP, homes and units usually stay on listing for an average of 56.3 days.
In 2016, 61 properties were sold in GWELUP during the past year, making it the 102nd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.27% | N/A |
| Median 12 month | -3.44% | N/A |
| Median 3 years | -7.51% | N/A |
| Median 5 years | -6.16% | N/A |
| 10 years average annual | -0.04% | N/A |
| Weekly media advert. rent | $700 | N/A |
| Time on Market | 56.3 days | N/A |
| Gross Rental Yield Percent | 4.55% | N/A |
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
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