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...
HARRISDALE, 6112 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling HARRISDALE, 6112 values up and netting property investors a capital gain of 3.06% for the past year.
Investors saw the median home price rise to $488,500.
Profits due to an downward trend in home prices in the suburb averaged -1.72% per annum over a 3-year period.
HARRISDALE now ranks at the 306th 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 HARRISDALE are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 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 HARRISDALE, homes and units usually stay on listing for an average of 64.8 days.
In 2016, 138 properties were sold in HARRISDALE during the past year, making it the 403rd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $488,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.72% | N/A |
| Median 12 month | 3.06% | N/A |
| Median 3 years | -5.15% | N/A |
| Median 5 years | -10.78% | N/A |
| 10 years average annual | -0.85% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 64.8 days | N/A |
| Gross Rental Yield Percent | 4.26% | N/A |
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One word: commercial. ...
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