‘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. ...
The suburb’s capital gain of -5.84% for the past year is lower than average compared to its 1.94% growth within a five-year period.
Also in RACEVIEW, the median home price is sitting at $314,500, and the average rent at $340, this suggests property owners could potentially earn a 5.62% increase in gross rental yield.
Property investors have seen a -1.72% drop in RACEVIEW based on a decrease 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 0.05% growth over a ten-year period. It ranks 3747th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $314,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.72% | N/A |
| Median 12 month | -5.84% | N/A |
| Median 3 years | 0.56% | N/A |
| Median 5 years | 1.94% | N/A |
| 10 years average annual | 0.05% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 80.4 days | N/A |
| Gross Rental Yield Percent | 5.62% | N/A |
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
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