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...
The suburb’s capital gain of 4.48% for the past year is higher than average compared to its 12.31% growth within a five-year period.
Also in ORMISTON, the median home price is sitting at $757,500, and the average rent at $487.5, this suggests property owners could potentially earn a 3.35% increase in gross rental yield.
Property investors have seen a 3.06% gain in ORMISTON based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.67% growth over a ten-year period. It ranks 2657th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $757,500 | $355,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.06% | 3.65% |
| Median 12 month | 4.48% | 4.57% |
| Median 3 years | 14.21% | -7.67% |
| Median 5 years | 12.31% | -4.7% |
| 10 years average annual | 2.67% | 0.45% |
| Weekly media advert. rent | $487.5 | $375 |
| Time on Market | 71.3 days | 76.4 days |
| Gross Rental Yield Percent | 3.35% | 5.49% |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...
Get notifications in real-time for staying up to date with content that matters to you.
