I recently checked the sale prices of most properties in the local area for about the last 2 years.
I found the following information covering the 4165 postcode:
Based on the 40 properties that I found to have been bought TWICE in the last 2 years.
- Average ownership time was 10 months.
- The prices first paid has varied from $329,000 to $970,000
- The price paid on the second sale in this 2 years varied from $345,000 to $985,000
- Largest growth has been $400,000 to $500,000 in 8 months
- Largest Decrease has been from $785,000 to $635,000 in 13 months
- The combined MEDIAN annual price change for these 40 properties has been a INCREASE of 3.75% per annum
The following figures relate only to Mount Cotton
Mount Cotton
10 properties have been bought TWICE in the last 2 years
- Average ownership time was 11 months
- Average price change has been 2.06%
- Prices originally paid have varied from $329,000 to $478,900
- Prices Sold have varied from $345,000 to $530,000
- Largest growth has been $441,900 to $465,000 in 15months
- Largest Decrease has been from $465,000 to $385,000 in1month
- The combined MEDIAN annual price change for these 10 properties has been a INCREASE of 8.82% per annum
Median House Prices for Mount Cotton
- $454,000 6 months to December 2009 Source
- $461,000 6 months to June 2009