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...
BLACKBURN NORTH, 3130 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling BLACKBURN NORTH, 3130 values up and netting property investors a capital gain of 6.75% for the past year.
Investors saw the median home price rise to $1,060,000.
Profits due to an downward trend in home prices in the suburb averaged -2.34% per annum over a 3-year period.
BLACKBURN NORTH now ranks at the 634th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BLACKBURN NORTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BLACKBURN NORTH, homes and units usually stay on listing for an average of 50.1 days.
In 2016, 63 properties were sold in BLACKBURN NORTH during the past year, making it the 123rd most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,060,000 | $766,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.2% | -4.67% |
| Median 12 month | 6.75% | 0.72% |
| Median 3 years | -7.02% | -5.43% |
| Median 5 years | 19.1% | 6.39% |
| 10 years average annual | 5.26% | 4.39% |
| Weekly media advert. rent | $450 | $470 |
| Time on Market | 50.1 days | 78.9 days |
| Gross Rental Yield Percent | 2.21% | 3.19% |
Rethink Investing’s Scott O’Neill looks back at his most recent commercial property deals and pinpoints valuable lessons investors can l...
While new data points to a resurrection in the number of investors entering the housing market, the share of investors remains at record-low...
Rising house prices spurred on by low interest rates are “raising eyebrows” and could create “real social and political problems”, A...
Amid the most recent recession in Australia, high-end capital city markets have outpaced growth in other areas, a new report has revealed. ...
Despite strong national growth grabbing headlines, not all suburbs are currently booming, with the pandemic continuing to drag down markets,...
One word: commercial. ...
Get notifications in real-time for staying up to date with content that matters to you.
