How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $1,130,000.
The upward trend in home prices in COOLBINIA, 6050 averaged 10.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $482.5 mark, reflecting a 2.22% increase in returns based on the current median price in COOLBINIA.
An average of 2.25 real estate transactions take place per month in COOLBINIA which translates to 27 per annum.
27 properties were sold in COOLBINIA in 2016, making it the 238th most active market in WA based on total real estate transactions.
COOLBINIA, 6050 places 301st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,130,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3% | N/A |
| Median 12 month | 2.73% | N/A |
| Median 3 years | 32.16% | N/A |
| Median 5 years | 8.65% | N/A |
| 10 years average annual | 2.88% | N/A |
| Weekly media advert. rent | $482.5 | N/A |
| Time on Market | 83.0 days | N/A |
| Gross Rental Yield Percent | 2.22% | N/A |
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
New rules in Western Australia have allowed tenants to secure their furniture to the walls of their rental home to create a child-safe envir...
The prospects of getting on the property ladder have improved, and it has sparked more first home buyers to set their roots. ...
Properties within a 10km radius of the Brisbane CBD are tipped to boom as oversupply issues that have plagued the market disappear, industry...
New research has revealed that most Australian property investors choose to buy a property in the suburb they live in. Data from 1,150,000 m...
Over the years, accountant Michael Johnson has serviced seasoned property investors, doing the “heavy lifting” for portfolios with more ...
Get notifications in real-time for staying up to date with content that matters to you.