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 have seen a 6.41% gain in BAKEWELL based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BAKEWELL, 832 saw average growth in the long term.
The NT 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 $415,000
Profits averaged -0.97% per annum over a 3-year period, due to an downward trend in home prices in BAKEWELL, 832.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 4.76%.
An average of 1.42 real estate transactions take place per month in BAKEWELL which translates to 17 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $415,000 | $205,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.41% | 3.02% |
| Median 12 month | 6.41% | -4.65% |
| Median 3 years | -2.92% | -24.07% |
| Median 5 years | -18.63% | -43.84% |
| 10 years average annual | -0.99% | -5.88% |
| Weekly media advert. rent | $380 | $300 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.76% | 7.61% |
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