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...
BRIDGEWATER, 7030 ranks 282nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.57% for property investors.
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 $310,000.
The upward trend in home prices in BRIDGEWATER, 7030 averaged 17.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 6.04% increase in returns based on the current median price in BRIDGEWATER.
An average of 5 real estate transactions take place per month in BRIDGEWATER which translates to 60 per annum.
60 properties were sold in BRIDGEWATER in 2016, making it the 29th most active market in TAS based on total real estate transactions.
BRIDGEWATER, 7030 places 80th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | N/A |
| Median 12 month | 21.57% | N/A |
| Median 3 years | 51.22% | N/A |
| Median 5 years | 87.88% | N/A |
| 10 years average annual | 6.6% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 46.3 days | N/A |
| Gross Rental Yield Percent | 6.04% | N/A |
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