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 1.33% gain in WAVELL HEIGHTS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.
The QLD suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $760,000
Profits averaged 3.25% per annum over a 3-year period, due to an upward trend in home prices in WAVELL HEIGHTS, 4012.
This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in WAVELL HEIGHTS, 4012 is 3.28%.
An average of 17.42 real estate transactions take place per month in WAVELL HEIGHTS which translates to 209 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $760,000 | $460,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.33% | N/A |
| Median 12 month | 5.56% | N/A |
| Median 3 years | 9.75% | 14.57% |
| Median 5 years | 20.63% | 16.46% |
| 10 years average annual | 3.72% | -1.94% |
| Weekly media advert. rent | $480 | $360 |
| Time on Market | 47.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.28% | 4.07% |
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