Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors have seen a 0% gain in BOTANY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BOTANY, 2019 saw average growth in the long term.
The NSW 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 $1,550,000
Profits averaged -0.63% per annum over a 3-year period, due to an downward trend in home prices in BOTANY, 2019.
This means, real estate investors could earn a rental income of $790 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.65%.
An average of 5.58 real estate transactions take place per month in BOTANY which translates to 67 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,550,000 | $795,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.63% |
| Median 12 month | 3.68% | 0.76% |
| Median 3 years | -1.9% | -3.05% |
| Median 5 years | 34.78% | 3.75% |
| 10 years average annual | 7.96% | 3.35% |
| Weekly media advert. rent | $790 | $580 |
| Time on Market | 68.0 days | 63.5 days |
| Gross Rental Yield Percent | 2.65% | 3.79% |
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