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...
KIRRIBILLI, 2061 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 $3,237,500.
KIRRIBILLI now ranks at the 83rd place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $980 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KIRRIBILLI, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 16 properties were sold in KIRRIBILLI during the past year, making it the 1060th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,237,500 | $1,610,000 |
| GROWTH REPORT | ||
| Median Quarterly | 11.64% | -4.73% |
| Median 12 month | N/A | 14.59% |
| Median 3 years | N/A | 34.05% |
| Median 5 years | N/A | 46.36% |
| 10 years average annual | 7.69% | 10.05% |
| Weekly media advert. rent | $980 | $570 |
| Time on Market | 0.0 days | 57.5 days |
| Gross Rental Yield Percent | 1.57% | 1.84% |
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