‘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. ...
A steady increase in median property prices over a five-year period in the suburb translates to a -1.14% capital gain.
It 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 $1,730,000
The augmented property values in the suburb are trailing behind the territorial average of -1.96% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $950.
Home owners selling their properties and realtors in NEWPORT usually have to wait an average of 68.5 days days before their assets are lifted off the market.
The NSW suburb ranks 989th on the list of best yielding suburbs for rental properties in NSW, posting a 2.86% return.
It also places places 452nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,730,000 | $930,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.22% | 2.09% |
| Median 12 month | -6.49% | 6.29% |
| Median 3 years | -1.14% | 16.1% |
| Median 5 years | 32.04% | 40.64% |
| 10 years average annual | 6.55% | 6.98% |
| Weekly media advert. rent | $950 | $600 |
| Time on Market | 68.5 days | 80.8 days |
| Gross Rental Yield Percent | 2.86% | 3.35% |
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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