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 0.28% gain in KINGS PARK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGS PARK, 2148 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 $728,000
Profits averaged -2.42% per annum over a 3-year period, due to an downward trend in home prices in KINGS PARK, 2148.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in KINGS PARK, 2148 is 3.21%.
An average of 4 real estate transactions take place per month in KINGS PARK which translates to 48 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $728,000 | $618,750 |
| GROWTH REPORT | ||
| Median Quarterly | 0.28% | N/A |
| Median 12 month | 2.18% | N/A |
| Median 3 years | -7.26% | N/A |
| Median 5 years | 9.51% | N/A |
| 10 years average annual | 6.05% | 0% |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 34.0 days | 0.0 days |
| Gross Rental Yield Percent | 3.21% | N/A |
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