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 have seen a 1.96% gain in FAIRHAVEN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FAIRHAVEN, 3231 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 $1,427,500
Profits averaged 21.05% per annum over a 3-year period, due to an upward trend in home prices in FAIRHAVEN, 3231.
The gross rental yield in FAIRHAVEN, 3231 is 0%.
An average of 1 real estate transactions take place per month in FAIRHAVEN which translates to 12 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,427,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.96% | N/A |
| Median 12 month | 5.94% | N/A |
| Median 3 years | 63.14% | N/A |
| Median 5 years | 85.15% | N/A |
| 10 years average annual | 9.01% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 84.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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