Hidden Brisbane property gem revealed
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
MIRA MAR, 6330 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 $410,000.
Profits due to an upward trend in home prices in the suburb averaged 2.63% per annum over a 3-year period.
MIRA MAR now ranks at the 388th 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 MIRA MAR are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $370 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 MIRA MAR, homes and units usually stay on listing for an average of 97.1 days.
In 2016, 31 properties were sold in MIRA MAR during the past year, making it the 209th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -11.83% | N/A |
| Median 12 month | -2.03% | N/A |
| Median 3 years | 7.89% | N/A |
| Median 5 years | 10.81% | N/A |
| 10 years average annual | 1.73% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 97.1 days | N/A |
| Gross Rental Yield Percent | 4.69% | N/A |
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
Poor construction undertaken recently is set to create a 10-year backlog of litigation claims, according to a local lawyer. ...
Strong property price growth across Australia’s capital cities in the coming year looks set to continue into 2021, according to a new prop...
The vacancy rate across most parts of NSW is getting lower, according to new research released by the REINSW. ...
The second stage of a Brisbane luxury apartment project is nearing completion, with residents beginning to move in to the master-planned co...
With the public release of the Australian Standard for building in bushfire-prone areas, an industry association has expressed hope that it...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
