‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Property investors have seen a 0% 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 $590,000
Profits averaged 5.61% 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 3.79%.
An average of 14.5 real estate transactions take place per month in KATOOMBA which translates to 174 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $590,000 | $403,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 0.17% | -5.18% |
| Median 3 years | 16.83% | 10.41% |
| Median 5 years | 50.51% | 49.54% |
| 10 years average annual | 7.11% | 6.46% |
| Weekly media advert. rent | $430 | $335 |
| Time on Market | 95.5 days | 0.0 days |
| Gross Rental Yield Percent | 3.79% | 4.32% |
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