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...
WAYVILLE, 5034 has a capital gain of -35.66% for the past year, which is lower than average compared to its -27.64% growth within a five-year period.
With the median home price in WAYVILLE sitting at $322,000, and the average rent at $350, property owners could potentially earn a 5.65% increase in gross rental yield.
Property investors have seen a -16.36% drop in WAYVILLE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WAYVILLE, 5034 obtained a 1.33% growth over a ten-year period. It ranks 1219th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $322,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -16.36% |
| Median 12 month | N/A | -35.66% |
| Median 3 years | N/A | -8% |
| Median 5 years | N/A | -27.64% |
| 10 years average annual | N/A | 1.33% |
| Weekly media advert. rent | N/A | $350 |
| Time on Market | N/A | 98.7 days |
| Gross Rental Yield Percent | N/A | 5.65% |
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