Commercial v residential investments
As someone who has invested extensively in both residential and commercial property, I have seen both sides of the fence when it comes to in...
HALLAM, 3803 delivered a weaker 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 HALLAM, 3803 values up and netting property investors a capital gain of 9.09% for the past year.
Investors saw the median home price rise to $600,000.
Profits due to an upward trend in home prices in the suburb averaged 2.06% per annum over a 3-year period.
HALLAM now ranks at the 250th 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 HALLAM 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 $382.5 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 HALLAM, homes and units usually stay on listing for an average of 48.1 days.
In 2016, 74 properties were sold in HALLAM during the past year, making it the 89th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.27% | 9.89% |
| Median 12 month | 9.09% | 21.95% |
| Median 3 years | 6.19% | 27.15% |
| Median 5 years | 42.52% | 45.56% |
| 10 years average annual | 5.54% | 5.17% |
| Weekly media advert. rent | $382.5 | $340 |
| Time on Market | 48.1 days | 75.5 days |
| Gross Rental Yield Percent | 3.32% | 3.54% |
As someone who has invested extensively in both residential and commercial property, I have seen both sides of the fence when it comes to in...
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...
In this special Q&A, Smart Property Investment speaks to the director of Rethink Investing, Scott O’Neill. ...
Perth is experiencing an “extraordinary” decline in listing volumes, with sales listings hitting a 10-year low in February. ...
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
Perth desperately needs an influx of rental stock in the market to provide renters with more housing options, an expert has said. ...
Get notifications in real-time for staying up to date with content that matters to you.
