Open for business: Victorian property market to recommence
Real estate bodies are rejoicing following the announcement that private inspections for purchase or leasing of Victorian residential pro...
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 $700,000.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in DARLING DOWNS.
An average of 1.08 real estate transactions take place per month in DARLING DOWNS which translates to 13 per annum.
13 properties were sold in DARLING DOWNS in 2016, making it the 392nd most active market in WA based on total real estate transactions.
DARLING DOWNS, 6122 places 130th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.45% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -24.73% | N/A |
| 10 years average annual | -4.38% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 88.9 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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