Borrowers feel the pinch of 'really strict' lending rules
Former Queensland state premier, Anna Bligh, has hit out at the strict serviceability rules lenders have imposed on borrowers, arguing they ...
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 $305,000.
Profits due to an downward trend in home prices there averaged -5.48% per annum over a 3-year period.
Home owners selling their properties and realtors in GOSNELLS usually have to wait an average of 90.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $290 mark, reflecting a 4.94% increase in returns based on the current median price in GOSNELLS.
GOSNELLS, 6110 places 201st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $305,000 | $225,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.81% | 0% |
| Median 12 month | -4.69% | N/A |
| Median 3 years | -16.44% | -30.77% |
| Median 5 years | -14.08% | -27.42% |
| 10 years average annual | 0.01% | -0.49% |
| Weekly media advert. rent | $290 | $260 |
| Time on Market | 90.1 days | 136.1 days |
| Gross Rental Yield Percent | 4.94% | 6.01% |
Former Queensland state premier, Anna Bligh, has hit out at the strict serviceability rules lenders have imposed on borrowers, arguing they ...
Faults, failures and flammable materials in big name developments across Sydney has caused a wave of panic among investors eyeing or buying ...
When it comes to property markets, there is usually never a perfect equilibrium. In fact, there might be a few surprises in store from the p...
North Queensland property owners who were impacted by floods earlier this year will continue to be granted support by the ATO this tax time....
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Almost a third of young Aussies are looking to enter the property market in the next five years, but they are missing some vital steps in th...
Get notifications in real-time for staying up to date with content that matters to you.