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 2.56% gain in MACLEAN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MACLEAN, 2463 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 $400,000
Profits averaged 3.7% per annum over a 3-year period, due to an upward trend in home prices in MACLEAN, 2463.
This means, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
The gross rental yield in MACLEAN, 2463 is 5.07%.
An average of 5.75 real estate transactions take place per month in MACLEAN which translates to 69 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | N/A |
| Median 12 month | 3.23% | N/A |
| Median 3 years | 11.11% | N/A |
| Median 5 years | 37.34% | N/A |
| 10 years average annual | 3.1% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 99.3 days | N/A |
| Gross Rental Yield Percent | 5.07% | N/A |
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