‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Property investors have seen a 5.61% gain in HAWTHORNDENE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains HAWTHORNDENE, 5051 saw average growth in the long term.
The SA 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 $565,000
Profits averaged 3.78% per annum over a 3-year period, due to an upward trend in home prices in HAWTHORNDENE, 5051.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in HAWTHORNDENE, 5051 is 4.14%.
An average of 3.5 real estate transactions take place per month in HAWTHORNDENE which translates to 42 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $565,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.61% | N/A |
| Median 12 month | 4.39% | N/A |
| Median 3 years | 11.33% | N/A |
| Median 5 years | 29% | N/A |
| 10 years average annual | 2.82% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 42.7 days | N/A |
| Gross Rental Yield Percent | 4.14% | N/A |
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