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 -12.67% for the past year is lower than average compared to its 19.09% growth within a five-year period.
Also in CANOWINDRA, the median home price is sitting at $262,000, and the average rent at $300, this suggests property owners could potentially earn a 5.95% increase in gross rental yield.
Property investors have seen a 3.76% gain in CANOWINDRA 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 3.69% growth over a ten-year period. It ranks 2179th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $262,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.76% | N/A |
| Median 12 month | -12.67% | N/A |
| Median 3 years | 26.27% | N/A |
| Median 5 years | 19.09% | N/A |
| 10 years average annual | 3.69% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 146.6 days | N/A |
| Gross Rental Yield Percent | 5.95% | N/A |
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