Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
Property investors have seen a 2% gain in KINGAROY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGAROY, 4610 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 $255,000
Profits averaged 1.94% per annum over a 3-year period, due to an upward trend in home prices in KINGAROY, 4610.
This means, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
The gross rental yield in KINGAROY, 4610 is 6.12%.
An average of 16.08 real estate transactions take place per month in KINGAROY which translates to 193 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $255,000 | $167,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2% | 24.07% |
| Median 12 month | 2.62% | 13.18% |
| Median 3 years | 5.81% | N/A |
| Median 5 years | 2% | N/A |
| 10 years average annual | -0.97% | 1.79% |
| Weekly media advert. rent | $300 | $230 |
| Time on Market | 95.5 days | 0.0 days |
| Gross Rental Yield Percent | 6.12% | 7.14% |
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