‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Property investors have seen a 0.36% gain in NORWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NORWOOD, 7250 saw average growth in the long term.
The TAS 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 $371,350
Profits averaged 6.66% per annum over a 3-year period, due to an upward trend in home prices in NORWOOD, 7250.
This means, real estate investors could earn a rental income of $385 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 5.39%.
An average of 5.25 real estate transactions take place per month in NORWOOD which translates to 63 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $371,350 | $223,340 |
| GROWTH REPORT | ||
| Median Quarterly | 0.36% | -1.26% |
| Median 12 month | 0.77% | -23.77% |
| Median 3 years | 19.98% | N/A |
| Median 5 years | 21.75% | N/A |
| 10 years average annual | 2.28% | 0.21% |
| Weekly media advert. rent | $385 | $280 |
| Time on Market | 42.7 days | 32.7 days |
| Gross Rental Yield Percent | 5.39% | 6.52% |
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