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...
Based on its average 5-year and quarterly capital gains CARRAMAR, 2163 saw average growth in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in CARRAMAR, 2163 averaged 1.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $290 mark, reflecting a 3.92% increase in returns based on the current median price in CARRAMAR.
An average of 2.58 real estate transactions take place per month in CARRAMAR which translates to 31 per annum.
31 properties were sold in CARRAMAR during the past year, making it the 210th most active market in NSW based on total real estate transactions.
CARRAMAR, 2163 places 120th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $385,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 3.63% |
| Median 12 month | N/A | 6.06% |
| Median 3 years | N/A | 4.05% |
| Median 5 years | N/A | 17.02% |
| 10 years average annual | N/A | 7.11% |
| Weekly media advert. rent | N/A | $290 |
| Time on Market | N/A | 80.2 days |
| Gross Rental Yield Percent | N/A | 3.92% |
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