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 enjoyed capital gains of 2.73% over the last 12 months in RUNCORN, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in RUNCORN are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
On average, rents on listings have reached the $410 mark, reflecting a 3.77% increase in returns based on the current median price in RUNCORN.
RUNCORN, 4113 ranks 525th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 603rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.77% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $565,000 | $320,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.07% | 0% |
| Median 12 month | 2.73% | -3.9% |
| Median 3 years | -0.34% | -5.88% |
| Median 5 years | 9.39% | -9.03% |
| 10 years average annual | 2.86% | -0.41% |
| Weekly media advert. rent | $410 | $390 |
| Time on Market | 56.4 days | 64.6 days |
| Gross Rental Yield Percent | 3.77% | 6.34% |
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