‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $790,000.
The upward trend in home prices in FORDE, 2914 averaged 4.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $675 mark, reflecting a 4.44% increase in returns based on the current median price in FORDE.
An average of 6.92 real estate transactions take place per month in FORDE which translates to 83 per annum.
83 properties were sold in FORDE in 2016, making it the 7th most active market in ACT based on total real estate transactions.
FORDE, 2914 places 52nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | $561,250 |
| GROWTH REPORT | ||
| Median Quarterly | 0.64% | -0.31% |
| Median 12 month | -2.47% | -0.31% |
| Median 3 years | 13.51% | 10.05% |
| Median 5 years | 27.42% | 8.98% |
| 10 years average annual | 12.6% | 2.09% |
| Weekly media advert. rent | $675 | $550 |
| Time on Market | 70.3 days | 81.0 days |
| Gross Rental Yield Percent | 4.44% | 5.1% |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Low interest rates and mortgage repayment relief measures could “insulate” residential property prices from a looming “plunge” in ho...
The number of dwellings approved for construction in February jumped by almost 20 per cent when compared with January, highlighting the stre...
The House of Representatives standing committee on social policy and legal affairs has agreed to suspend its inquiry into homelessness in Au...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
