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 5.19% gain in COTTESLOE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COTTESLOE, 6011 saw average growth in the long term.
The WA 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 $1,925,000
Profits averaged -3.52% per annum over a 3-year period, due to an downward trend in home prices in COTTESLOE, 6011.
This means, real estate investors could earn a rental income of $990 based on current median home prices for the suburb.
The gross rental yield in COTTESLOE, 6011 is 2.67%.
An average of 10 real estate transactions take place per month in COTTESLOE which translates to 120 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,925,000 | $655,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.19% | 3.56% |
| Median 12 month | 3.49% | -8.71% |
| Median 3 years | -10.57% | -16.56% |
| Median 5 years | 8.45% | -18.63% |
| 10 years average annual | 0.67% | -1.59% |
| Weekly media advert. rent | $990 | $460 |
| Time on Market | 68.9 days | 79.6 days |
| Gross Rental Yield Percent | 2.67% | 3.65% |
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