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...
Property investors enjoyed capital gains of 6.68% over the last 12 months in CLARINDA, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.33% growth over a ten-year period. It ranks 1372nd on our list of suburbs that property investors should look into.
CLARINDA, 3169 has a capital gain of 6.68% for the past year, which is higher than average compared to its 25.93% growth within a five-year period.
With the median home price in CLARINDA sitting at $850,000, and the average rent at $440, property owners could potentially earn a 2.69% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CLARINDA are low, as opposed to average gains per annum over the past five years.
CLARINDA, 3169 in VIC belongs to the local government area of Kingston (C) (Vic.).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | $721,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.24% | 5.56% |
| Median 12 month | 6.68% | 19.17% |
| Median 3 years | -0.35% | 7.53% |
| Median 5 years | 25.93% | 31.45% |
| 10 years average annual | 5.33% | 7.27% |
| Weekly media advert. rent | $440 | $430 |
| Time on Market | 46.5 days | 63.1 days |
| Gross Rental Yield Percent | 2.69% | 3.1% |
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