
Why 2021 won’t be the death of retail and office investments
Despite being one of the hardest-hit property sectors, investors in commercial property are being advised not to abandon their investments,...
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 $480,000.
Profits due to an downward trend in home prices there averaged -1.65% per annum over a 3-year period.
Home owners selling their properties and realtors in AUGUSTA usually have to wait an average of 137.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $320 mark, reflecting a 3.47% increase in returns based on the current median price in AUGUSTA.
AUGUSTA, 6290 places 334th in Australia based on median property value growth during the quarter.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $480,000 | N/A |
GROWTH REPORT | ||
Median Quarterly | -1.03% | N/A |
Median 12 month | -3.52% | N/A |
Median 3 years | -4.95% | N/A |
Median 5 years | -8.57% | N/A |
10 years average annual | -0.22% | N/A |
Weekly media advert. rent | $320 | N/A |
Time on Market | 137.7 days | N/A |
Gross Rental Yield Percent | 3.47% | N/A |
Despite being one of the hardest-hit property sectors, investors in commercial property are being advised not to abandon their investments,...
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
Regional markets have shown impressive long-term returns over 2020, in what has been a rather tumultuous year for the rest of the real estat...
Experts believe that RBA’s forecasted 30 per cent growth in property prices over the next three years will materialise in 75 per cent of A...
With investors eager to pursue opportunities post-pandemic, experts warn that plenty of risks still remain. ...
Dwelling unit commencements have continued to fall, but the bright spot has been new private sector houses, figures have shown. ...