‘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. ...
The suburb’s capital gain of 8.16% for the past year is higher than average compared to its 22.98% growth within a five-year period.
Also in SAPPHIRE BEACH, the median home price is sitting at $762,500, and the average rent at $550, this suggests property owners could potentially earn a 3.75% increase in gross rental yield.
Property investors have seen a 3.74% gain in SAPPHIRE BEACH based on an increase 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 3.87% growth over a ten-year period. It ranks 2032nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $762,500 | $290,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.74% | -4.29% |
| Median 12 month | 8.16% | -9.66% |
| Median 3 years | 23.98% | 18.97% |
| Median 5 years | 22.98% | 30.34% |
| 10 years average annual | 3.87% | 5.39% |
| Weekly media advert. rent | $550 | $420 |
| Time on Market | 105.3 days | 139.9 days |
| Gross Rental Yield Percent | 3.75% | 7.53% |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
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