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...
Property investors have seen a 0.64% gain in SCONE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SCONE, 2337 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 $392,500
Profits averaged 3.52% per annum over a 3-year period, due to an upward trend in home prices in SCONE, 2337.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.64%.
An average of 13.17 real estate transactions take place per month in SCONE which translates to 158 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $392,500 | $233,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.64% | -1.48% |
| Median 12 month | 2.35% | -5.85% |
| Median 3 years | 10.56% | N/A |
| Median 5 years | 12.14% | N/A |
| 10 years average annual | 2.27% | -5.85% |
| Weekly media advert. rent | $350 | $310 |
| Time on Market | 96.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.64% | 6.9% |
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