4 lessons from 4 commercial property deals
Rethink Investing’s Scott O’Neill looks back at his most recent commercial property deals and pinpoints valuable lessons investors can l...
Based on its average 5-year and quarterly capital gains DEVON PARK, 5008 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that DEVON PARK, 5008 obtained a 7.97% growth over a ten-year period. It ranks 207th on our list of suburbs that property investors should look into.
DEVON PARK, 5008 in SA belongs to the local government area of Port Adelaide Enfield (C).
DEVON PARK, 5008 has a capital gain of 8.67% for the past year, which is higher than average compared to its 7% growth within a five-year period.
With the median home price in DEVON PARK sitting at $520,000, and the average rent at $357.5, property owners could potentially earn a 3.58% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DEVON PARK are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $520,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.47% | N/A |
| Median 12 month | 8.67% | N/A |
| Median 3 years | 8.33% | N/A |
| Median 5 years | 7% | N/A |
| 10 years average annual | 7.97% | N/A |
| Weekly media advert. rent | $357.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.58% | N/A |
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One word: commercial. ...
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