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 2.54% gain in CLYDE NORTH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CLYDE NORTH, 3978 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 $595,000
Profits averaged 15.05% per annum over a 3-year period, due to an upward trend in home prices in CLYDE NORTH, 3978.
This means, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
The gross rental yield in CLYDE NORTH, 3978 is 3.58%.
An average of 29.42 real estate transactions take place per month in CLYDE NORTH which translates to 353 per annum.
Families and professionals highly recommend Clyde North, situated in the local government area of the City of Casey, for property seekers looking for a place not too distant from the city centre. It’s no easy feat for an up-and-coming suburb, but Clyde North managed to receive glowing reviews from its residents due to its close proximity to basic amenities, schools and public facilities. Residents also laud the parks and leisure spaces that housing estates in Clyde North have to offer, and the abundance of greenery in the area.
Getting around Clyde North
Getting in and out of Clyde North is a breeze, with a number of highway and thoroughfares providing access throughout the city. With an hour’s worth of travel to and from Melbourne, it’s no surprise that it’s becoming the neighborhood of choice for workers in the capital. Clyde North’s median home price surged in the past year, placing it fifth on our list of suburbs with highest annual price growth, just behind East Melbourne.
New residential estates
A number of estates have sprouted in Clyde North since it caught the attention of savvy property buyers. Recently completed housing estates include Selandra Rise, a mixed-use development and residential communities targeted at young professionals and families, such as Circa, Meridian, Bloom and Highgrove.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.54% | N/A |
| Median 12 month | 4.52% | N/A |
| Median 3 years | 45.14% | N/A |
| Median 5 years | 94.44% | N/A |
| 10 years average annual | 9.44% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 65.8 days | N/A |
| Gross Rental Yield Percent | 3.58% | N/A |
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