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...
Property investors enjoyed capital gains of 2.56% over the last 12 months in JERRABOMBERRA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 2.94% growth over a ten-year period. It ranks 2582nd on our list of suburbs that property investors should look into.
JERRABOMBERRA, 2619 has a capital gain of 2.56% for the past year, which is lower than average compared to its 27.42% growth within a five-year period.
With the median home price in JERRABOMBERRA sitting at $841,000, and the average rent at $660, property owners could potentially earn a 4.08% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in JERRABOMBERRA are low, as opposed to average gains per annum over the past five years.
JERRABOMBERRA, 2619 in NSW belongs to the local government area of Queanbeyan-Palerang Regional (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $841,000 | $487,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.63% | -4.88% |
| Median 12 month | 2.56% | 1.99% |
| Median 3 years | 12.89% | 16.07% |
| Median 5 years | 27.42% | 4.84% |
| 10 years average annual | 2.94% | 2.21% |
| Weekly media advert. rent | $660 | $470 |
| Time on Market | 58.3 days | 56.3 days |
| Gross Rental Yield Percent | 4.08% | 5.01% |
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