‘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. ...
Property investors have seen a 0.49% gain in ROCKLEA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ROCKLEA, 4106 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 $409,000
Profits averaged 2.08% per annum over a 3-year period, due to an upward trend in home prices in ROCKLEA, 4106.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in ROCKLEA, 4106 is 4.58%.
An average of 2.92 real estate transactions take place per month in ROCKLEA which translates to 35 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $409,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.49% | N/A |
| Median 12 month | 0.37% | N/A |
| Median 3 years | 6.23% | N/A |
| Median 5 years | 10.54% | N/A |
| 10 years average annual | 1.91% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 67.9 days | N/A |
| Gross Rental Yield Percent | 4.58% | N/A |
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