Property Price Movements in Mount Cotton

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
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