‘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. ...
The suburb’s capital gain of 1.21% for the past year is lower than average compared to its 31.13% growth within a five-year period.
Also in FORESTVILLE, the median home price is sitting at $1,503,025, and the average rent at $880, this suggests property owners could potentially earn a 3.04% increase in gross rental yield.
Property investors have seen a 3.59% gain in FORESTVILLE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.1% growth over a ten-year period. It ranks 551st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,503,025 | $880,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.59% | -0.28% |
| Median 12 month | 1.21% | -6.13% |
| Median 3 years | 2.81% | -6.13% |
| Median 5 years | 31.13% | -12.26% |
| 10 years average annual | 7.1% | 6.41% |
| Weekly media advert. rent | $880 | $650 |
| Time on Market | 50.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.04% | 3.84% |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
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