Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
Homeowners and real estate investors betting on THE ROCKS, 2000 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 46.1%.
A steady increase in median property prices over a five-year period in THE ROCKS, 2000 translates to a 28.22% capital gain.
Property investors enjoyed capital gains of 46.1% over the last 12 months in THE ROCKS, translating to lower returns compared with its peers in NSW.
THE ROCKS, 2000 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 $2,250,000.
Profits due to an upward trend in home prices in THE ROCKS, 2000 averaged 9.41% per annum over a 3-year period.
Home owners selling their properties and realtors in THE ROCKS usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $806.75 mark, reflecting a 1.86% increase in returns based on the current median price in THE ROCKS.
THE ROCKS, 2000 places 26th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $2,250,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 12.5% |
| Median 12 month | N/A | 46.1% |
| Median 3 years | N/A | 28.22% |
| Median 5 years | N/A | 68.22% |
| 10 years average annual | N/A | 13% |
| Weekly media advert. rent | N/A | $806.75 |
| Time on Market | N/A | 0.0 days |
| Gross Rental Yield Percent | N/A | 1.86% |
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