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...
Figures from the previous quarter show that capital gains for real estate buyers in PROSERPINE 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 $350 based on current median home prices for the suburb.
On average, rents on listings have reached the $350 mark, reflecting a 6.77% increase in returns based on the current median price in PROSERPINE.
PROSERPINE, 4800 ranks 770th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 58th on the list of best yielding suburbs for rental properties in QLD, posting a 6.77% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $269,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.92% | N/A |
| Median 12 month | -3.93% | N/A |
| Median 3 years | -11.8% | N/A |
| Median 5 years | 7.06% | N/A |
| 10 years average annual | -2.12% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 96.5 days | N/A |
| Gross Rental Yield Percent | 6.77% | N/A |
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