‘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. ...
Based on its average 5-year and quarterly capital gains BROADMEADOW, 2292 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BROADMEADOW, 2292 obtained a 5.92% growth over a ten-year period. It ranks 1243rd on our list of suburbs that property investors should look into.
BROADMEADOW, 2292 in NSW belongs to the local government area of Newcastle (C).
BROADMEADOW, 2292 has a capital gain of 3.88% for the past year, which is lower than average compared to its 53.31% growth within a five-year period.
With the median home price in BROADMEADOW sitting at $636,250, and the average rent at $455, property owners could potentially earn a 3.72% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BROADMEADOW are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $636,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | 3.88% | N/A |
| Median 3 years | 18.93% | N/A |
| Median 5 years | 53.31% | N/A |
| 10 years average annual | 5.92% | N/A |
| Weekly media advert. rent | $455 | N/A |
| Time on Market | 103.7 days | N/A |
| Gross Rental Yield Percent | 3.72% | N/A |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Low interest rates and mortgage repayment relief measures could “insulate” residential property prices from a looming “plunge” in ho...
The number of dwellings approved for construction in February jumped by almost 20 per cent when compared with January, highlighting the stre...
The House of Representatives standing committee on social policy and legal affairs has agreed to suspend its inquiry into homelessness in Au...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
