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 enjoyed capital gains of 5.88% over the last 12 months in GIDGEGANNUP, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in GIDGEGANNUP are low, as opposed to average gains per annum over the past five years.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in GIDGEGANNUP.
GIDGEGANNUP, 6083 ranks 167th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 478th on the list of best yielding suburbs for rental properties in WA, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.88%||N/A|
|Median 3 years||-0.69%||N/A|
|Median 5 years||-1.91%||N/A|
|10 years average annual||1.17%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||121.3 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|
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