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...
Property investors have seen a -2.7% drop in ESSENDON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON, 3040 saw average growth in the long term.
The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,457,000
Profits averaged 2.42% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 3040.
This means, real estate investors could earn a rental income of $557.5 based on current median home prices for the suburb.
The gross rental yield in ESSENDON, 3040 is 1.99%.
An average of 11.58 real estate transactions take place per month in ESSENDON which translates to 139 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,457,000 | $655,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | 0.34% |
| Median 12 month | 4.82% | 11.21% |
| Median 3 years | 7.25% | 31% |
| Median 5 years | 35.72% | 19.09% |
| 10 years average annual | 5.04% | 4.12% |
| Weekly media advert. rent | $557.5 | $380 |
| Time on Market | 61.0 days | 65.1 days |
| Gross Rental Yield Percent | 1.99% | 3.02% |
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One word: commercial. ...
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