‘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. ...
Property investors enjoyed capital gains of 4.6% over the last 12 months in PETERSHAM, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.92% growth over a ten-year period. It ranks 251st on our list of suburbs that property investors should look into.
PETERSHAM, 2049 has a capital gain of 4.6% for the past year, which is higher than average compared to its 22.89% growth within a five-year period.
With the median home price in PETERSHAM sitting at $1,422,500, and the average rent at $760, property owners could potentially earn a 2.78% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PETERSHAM are high, as opposed to average gains per annum over the past five years.
PETERSHAM, 2049 in NSW belongs to the local government area of Inner West (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,422,500 | $749,500 |
| GROWTH REPORT | ||
| Median Quarterly | 12.45% | 7.46% |
| Median 12 month | 4.6% | 5.41% |
| Median 3 years | -9.34% | 9.82% |
| Median 5 years | 22.89% | 28.12% |
| 10 years average annual | 7.92% | 6.89% |
| Weekly media advert. rent | $760 | $460 |
| Time on Market | 0.0 days | 53.8 days |
| Gross Rental Yield Percent | 2.78% | 3.19% |
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