‘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 0.71% for the past year is lower than average compared to its 24.72% growth within a five-year period.
Also in HINCHINBROOK, the median home price is sitting at $710,000, and the average rent at $490, this suggests property owners could potentially earn a 3.59% increase in gross rental yield.
Property investors have seen a 4.41% gain in HINCHINBROOK 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 6.53% growth over a ten-year period. It ranks 874th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $710,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.41% | N/A |
| Median 12 month | 0.71% | N/A |
| Median 3 years | 2.9% | N/A |
| Median 5 years | 24.72% | N/A |
| 10 years average annual | 6.53% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 74.0 days | N/A |
| Gross Rental Yield Percent | 3.59% | N/A |
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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