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...
The suburb’s capital gain of -1.18% for the past year is lower than average compared to its 10.4% growth within a five-year period.
Also in EDMONDSON PARK, the median home price is sitting at $835,000, and the average rent at $580, this suggests property owners could potentially earn a 3.61% increase in gross rental yield.
Property investors have seen a -1.18% drop in EDMONDSON PARK based on a decrease 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 5.66% growth over a ten-year period. It ranks 1162nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $835,000 | $599,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.18% | -5.3% |
| Median 12 month | -1.18% | 21.01% |
| Median 3 years | -2.79% | -2.29% |
| Median 5 years | 10.4% | 35.83% |
| 10 years average annual | 5.66% | 0.46% |
| Weekly media advert. rent | $580 | $445 |
| Time on Market | 97.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.61% | 3.86% |
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