Nambour’s Next: Agent Sees Growth For Hinterland Town
A Sunshine Coast agent is predicting Nambour will be the next big Sunshine Coast market to boom. ...
VICTORY HEIGHTS, 6432 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling VICTORY HEIGHTS, 6432 values up and netting property investors a capital gain of 48.22% for the past year.
Investors saw the median home price rise to $333,500.
VICTORY HEIGHTS now ranks at the 2nd 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 VICTORY HEIGHTS are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $390 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 VICTORY HEIGHTS, homes and units usually stay on listing for an average of 60.3 days.
In 2016, 20 properties were sold in VICTORY HEIGHTS during the past year, making it the 325th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||48.22%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||17.02%||N/A|
|10 years average annual||8.9%||N/A|
|Weekly media advert. rent||$390||N/A|
|Time on Market||60.3 days||N/A|
|Gross Rental Yield Percent||6.08%||N/A|