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 enjoyed capital gains of 16.23% over the last 12 months in SOUTH ARM, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH ARM are low, as opposed to average gains per annum over the past five years.
The suburb posted a 42.31% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in SOUTH ARM.
SOUTH ARM, 7022 ranks 47th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 116th on the list of best yielding suburbs for rental properties in TAS, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $555,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.45% | N/A |
| Median 12 month | 16.23% | N/A |
| Median 3 years | 42.31% | N/A |
| Median 5 years | 51.54% | N/A |
| 10 years average annual | 4.98% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 45.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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