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...
The suburb’s capital gain of -9.31% for the past year is lower than average compared to its 19.27% growth within a five-year period.
Also in LAKE CATHIE, the median home price is sitting at $572,500, and the average rent at $450, this suggests property owners could potentially earn a 4.09% increase in gross rental yield.
Property investors have seen a -1.29% drop in LAKE CATHIE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.46% growth over a ten-year period. It ranks 2287th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $572,500 | $460,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.29% | 0% |
| Median 12 month | -9.31% | N/A |
| Median 3 years | 4.42% | N/A |
| Median 5 years | 19.27% | 54.88% |
| 10 years average annual | 3.46% | 3.26% |
| Weekly media advert. rent | $450 | $300 |
| Time on Market | 107.5 days | 0.0 days |
| Gross Rental Yield Percent | 4.09% | 3.39% |
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