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...
Property investors have seen a -1.81% drop in BELAIR based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on BELAIR, 5052 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 13.33%.
Based on its average 5-year and quarterly capital gains BELAIR, 5052 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 $680,000
Profits averaged 1.81% per annum over a 3-year period, due to an upward trend in home prices in BELAIR, 5052.
This means, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
The gross rental yield in BELAIR, 5052 is 3.59%.
An average of 5.33 real estate transactions take place per month in BELAIR which translates to 64 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.81% | N/A |
| Median 12 month | 13.33% | N/A |
| Median 3 years | 5.43% | N/A |
| Median 5 years | 20.35% | N/A |
| 10 years average annual | 2.75% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 74.4 days | N/A |
| Gross Rental Yield Percent | 3.59% | N/A |
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