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...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The 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 $282,500.
The upward trend in home prices in MOSSMAN, 4873 averaged 2.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $365 mark, reflecting a 6.72% increase in returns based on the current median price in MOSSMAN.
An average of 1.83 real estate transactions take place per month in MOSSMAN which translates to 22 per annum.
22 properties were sold in MOSSMAN in 2016, making it the 525th most active market in QLD based on total real estate transactions.
MOSSMAN, 4873 places 854th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $282,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -11.3% | N/A |
| Median 12 month | -20.42% | N/A |
| Median 3 years | 6.1% | N/A |
| Median 5 years | -19.05% | N/A |
| 10 years average annual | 0.1% | N/A |
| Weekly media advert. rent | $365 | N/A |
| Time on Market | 188.6 days | N/A |
| Gross Rental Yield Percent | 6.72% | N/A |
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