‘It’s a terrific time to be investing in commercial property’: Ray White
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Property investors have seen a 1.33% gain in CARRINGTON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 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 $572,500
Profits averaged 4.83% per annum over a 3-year period, due to an upward trend in home prices in CARRINGTON, 2294.
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 CARRINGTON, 2294 is 4.09%.
An average of 2.83 real estate transactions take place per month in CARRINGTON which translates to 34 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $572,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.33% | N/A |
| Median 12 month | -15.5% | N/A |
| Median 3 years | 14.5% | N/A |
| Median 5 years | 28.65% | N/A |
| 10 years average annual | 7.3% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 98.8 days | N/A |
| Gross Rental Yield Percent | 4.09% | N/A |
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