‘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. ...
Property investors have seen a 0% gain in MARMONG POINT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MARMONG POINT, 2284 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $560,000
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 MARMONG POINT, 2284 is 4.18%.
An average of 1.33 real estate transactions take place per month in MARMONG POINT which translates to 16 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 0.63% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 34.13% | N/A |
| 10 years average annual | 3.08% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 108.2 days | N/A |
| Gross Rental Yield Percent | 4.18% | N/A |
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