‘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. ...
DUTTON PARK, 4102 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 $880,500.
Profits due to an downward trend in home prices in the suburb averaged -2.03% per annum over a 3-year period.
DUTTON PARK now ranks at the 733rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DUTTON PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $545 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DUTTON PARK, homes and units usually stay on listing for an average of 56.3 days.
In 2016, 20 properties were sold in DUTTON PARK during the past year, making it the 530th most active market in QLD based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-16.93%||N/A|
|Median 3 years||-6.08%||N/A|
|Median 5 years||20.62%||N/A|
|10 years average annual||6.1%||N/A|
|Weekly media advert. rent||$545||N/A|
|Time on Market||56.3 days||N/A|
|Gross Rental Yield Percent||3.22%||N/A|
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