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, the suburb saw average growth in the long term.
The 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 $264,500.
The upward trend in home prices in MOUNT GAMBIER, 5290 averaged 2.43% per annum over a 3-year period.
Average weekly rents on listings have reached the $272.5 mark, reflecting a 5.36% increase in returns based on the current median price in MOUNT GAMBIER.
An average of 40 real estate transactions take place per month in MOUNT GAMBIER which translates to 480 per annum.
480 properties were sold in MOUNT GAMBIER in 2016, making it the 133rd most active market in SA based on total real estate transactions.
MOUNT GAMBIER, 5290 places 281st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $264,500 | $202,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.19% | 0% |
| Median 12 month | 1.73% | -0.92% |
| Median 3 years | 7.3% | 17.1% |
| Median 5 years | 11.37% | 15.43% |
| 10 years average annual | 1.17% | 1.26% |
| Weekly media advert. rent | $272.5 | $220 |
| Time on Market | 95.2 days | 126.5 days |
| Gross Rental Yield Percent | 5.36% | 5.66% |
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One word: commercial. ...
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