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 investments in AYR fare well against the rest of the country last year, registering a median home price increase of 7.72%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains AYR, 4807 saw average growth in the long term.
Real estate investors could earn a rental income of $277.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 116.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $193,900.
AYR ranks 36th on the list of best yielding suburbs for rental properties in QLD, posting a 7.44% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $193,900 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.81% | N/A |
| Median 12 month | 7.72% | N/A |
| Median 3 years | -7.67% | N/A |
| Median 5 years | -6.55% | N/A |
| 10 years average annual | -2.24% | N/A |
| Weekly media advert. rent | $277.5 | N/A |
| Time on Market | 116.1 days | N/A |
| Gross Rental Yield Percent | 7.44% | N/A |
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.
