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 2.37% gain in MOOROOPNA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MOOROOPNA, 3629 saw average growth in the long term.
The VIC suburb 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 $263,100
Profits averaged 5.64% per annum over a 3-year period, due to an upward trend in home prices in MOOROOPNA, 3629.
This means, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
The gross rental yield in MOOROOPNA, 3629 is 5.73%.
An average of 10.67 real estate transactions take place per month in MOOROOPNA which translates to 128 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $263,100 | $187,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.37% | 0.27% |
| Median 12 month | 5.77% | 6.86% |
| Median 3 years | 16.93% | 15.79% |
| Median 5 years | 18.51% | 13.33% |
| 10 years average annual | 1.65% | 3.93% |
| Weekly media advert. rent | $290 | $240 |
| Time on Market | 73.8 days | 91.2 days |
| Gross Rental Yield Percent | 5.73% | 6.67% |
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