Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
Figures from the previous quarter show that capital gains for real estate buyers in POKOLBIN are low, as opposed to average gains per annum over the past five years.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in POKOLBIN.
POKOLBIN, 2320 ranks 1124th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1237th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $942,500 | $272,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.79% | 11.22% |
| Median 12 month | -0.79% | 3.81% |
| Median 3 years | 8.65% | 4.81% |
| Median 5 years | 36.1% | 32.93% |
| 10 years average annual | 6.12% | 4.9% |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 131.1 days | 0.0 days |
| Gross Rental Yield Percent | N/A | N/A |
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