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 -1.73% drop in BLAKEVIEW based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BLAKEVIEW, 5114 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 $340,000
Profits averaged 4.07% per annum over a 3-year period, due to an upward trend in home prices in BLAKEVIEW, 5114.
This means, real estate investors could earn a rental income of $352.5 based on current median home prices for the suburb.
The gross rental yield in BLAKEVIEW, 5114 is 5.39%.
An average of 11.92 real estate transactions take place per month in BLAKEVIEW which translates to 143 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.73% | N/A |
| Median 12 month | 1.49% | N/A |
| Median 3 years | 12.21% | N/A |
| Median 5 years | 12.21% | N/A |
| 10 years average annual | 1.41% | N/A |
| Weekly media advert. rent | $352.5 | N/A |
| Time on Market | 77.5 days | N/A |
| Gross Rental Yield Percent | 5.39% | N/A |
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