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 8.41% for the past year is higher than average compared to its 9.87% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in ILLAWONG, the median home price is sitting at $1,225,000, and the average rent at $765, this suggests property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a 0% gain in ILLAWONG 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 5.29% growth over a ten-year period. It ranks 1372nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,225,000 | $877,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 2.63% |
| Median 12 month | 8.41% | N/A |
| Median 3 years | -7.2% | -0.28% |
| Median 5 years | 9.87% | 35.52% |
| 10 years average annual | 5.29% | 7.79% |
| Weekly media advert. rent | $765 | $550 |
| Time on Market | 75.4 days | 0.0 days |
| Gross Rental Yield Percent | 3.25% | 3.26% |
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