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...
WILLMOT, 2770 ranks 606th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.34% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $470,000.
The downward trend in home prices in WILLMOT, 2770 averaged -1.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $312.5 mark, reflecting a 3.46% increase in returns based on the current median price in WILLMOT.
An average of 1.92 real estate transactions take place per month in WILLMOT which translates to 23 per annum.
23 properties were sold in WILLMOT in 2016, making it the 832nd most active market in NSW based on total real estate transactions.
WILLMOT, 2770 places 266th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $470,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.62% | N/A |
| Median 12 month | 15.34% | N/A |
| Median 3 years | -5.53% | N/A |
| Median 5 years | 9.3% | N/A |
| 10 years average annual | 8.86% | N/A |
| Weekly media advert. rent | $312.5 | N/A |
| Time on Market | 86.6 days | N/A |
| Gross Rental Yield Percent | 3.46% | N/A |
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