Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors have seen a -1.86% drop in FITZGIBBON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FITZGIBBON, 4018 saw average growth in the long term.
The QLD 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 $475,000
Profits averaged 0.72% per annum over a 3-year period, due to an upward trend in home prices in FITZGIBBON, 4018.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in FITZGIBBON, 4018 is 4.38%.
An average of 7.83 real estate transactions take place per month in FITZGIBBON which translates to 94 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $475,000 | $351,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.86% | 3.85% |
| Median 12 month | 4.4% | 2.48% |
| Median 3 years | 2.15% | -5.52% |
| Median 5 years | 8.45% | -1.96% |
| 10 years average annual | 1.16% | 1.08% |
| Weekly media advert. rent | $400 | $345 |
| Time on Market | 33.4 days | 67.4 days |
| Gross Rental Yield Percent | 4.38% | 5.11% |
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