4 lessons from 4 commercial property deals
Rethink Investing’s Scott O’Neill looks back at his most recent commercial property deals and pinpoints valuable lessons investors can l...
Property investors have seen a 3.33% gain in KATOOMBA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KATOOMBA, 2780 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 $620,000
Profits averaged 0.55% per annum over a 3-year period, due to an upward trend in home prices in KATOOMBA, 2780.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in KATOOMBA, 2780 is 3.61%.
An average of 14.17 real estate transactions take place per month in KATOOMBA which translates to 170 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $620,000 | $422,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | 3.05% |
| Median 12 month | 4.64% | 4.84% |
| Median 3 years | 1.64% | 0% |
| Median 5 years | 35.08% | 32.03% |
| 10 years average annual | 6.81% | 7.59% |
| Weekly media advert. rent | $430 | $350 |
| Time on Market | 71.9 days | 73.3 days |
| Gross Rental Yield Percent | 3.61% | 4.31% |
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One word: commercial. ...
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