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 3.57% for the past year is higher than average compared to its 16% growth within a five-year period.
Also in CAMDEN, the median home price is sitting at $725,000, and the average rent at $440, this suggests property owners could potentially earn a 3.16% increase in gross rental yield.
Property investors have seen a 2.11% gain in CAMDEN 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 6.33% growth over a ten-year period. It ranks 820th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.11% | 0% |
| Median 12 month | 3.57% | 10% |
| Median 3 years | -4.61% | 2.5% |
| Median 5 years | 16% | -1.69% |
| 10 years average annual | 6.33% | 4.94% |
| Weekly media advert. rent | $440 | $400 |
| Time on Market | 42.0 days | 80.7 days |
| Gross Rental Yield Percent | 3.16% | 4.73% |
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