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...
A steady increase in median property prices over a five-year period in the suburb translates to a 6.15% capital gain.
It 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 $578,500
The augmented property values in the suburb are trailing behind the territorial average of 7.64% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $370.
Home owners selling their properties and realtors in DEER PARK usually have to wait an average of 49.5 days days before their assets are lifted off the market.
The VIC suburb ranks 255th on the list of best yielding suburbs for rental properties in VIC, posting a 3.33% return.
It also places places 527th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $578,500 | $460,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.26% | -2.65% |
| Median 12 month | 6.15% | -1.08% |
| Median 3 years | 6.15% | 13.79% |
| Median 5 years | 49.1% | 48.39% |
| 10 years average annual | 5.43% | 4.72% |
| Weekly media advert. rent | $370 | $350 |
| Time on Market | 49.5 days | 60.4 days |
| Gross Rental Yield Percent | 3.33% | 3.96% |
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...
With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...
Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...
Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...
Get notifications in real-time for staying up to date with content that matters to you.
