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...
MYRTLEFORD, 3737 ranks 217th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.95% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $367,500.
The upward trend in home prices in MYRTLEFORD, 3737 averaged 12.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $335 mark, reflecting a 4.74% increase in returns based on the current median price in MYRTLEFORD.
An average of 5.5 real estate transactions take place per month in MYRTLEFORD which translates to 66 per annum.
66 properties were sold in MYRTLEFORD in 2016, making it the 116th most active market in VIC based on total real estate transactions.
MYRTLEFORD, 3737 places 91st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $367,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.3% | N/A |
| Median 12 month | 23.95% | N/A |
| Median 3 years | 37.38% | N/A |
| Median 5 years | 54.74% | N/A |
| 10 years average annual | 6.76% | N/A |
| Weekly media advert. rent | $335 | N/A |
| Time on Market | 80.4 days | N/A |
| Gross Rental Yield Percent | 4.74% | N/A |
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One word: commercial. ...
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