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...
A 13.81% increase in median property prices in ARDROSS, 6153 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 70th.
A steady increase in median property prices over a five-year period in the suburb translates to a 3% capital gain.
It 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 $1,030,000
The augmented property values in the suburb are trailing above the territorial average of 3.59% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $495.
Home owners selling their properties and realtors in ARDROSS usually have to wait an average of 96.5 days days before their assets are lifted off the market.
The WA suburb ranks 406th on the list of best yielding suburbs for rental properties in WA, posting a 2.5% return.
It also places places 26th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,030,000 | $550,000 |
| GROWTH REPORT | ||
| Median Quarterly | 14.7% | -1.79% |
| Median 12 month | 13.81% | N/A |
| Median 3 years | 3% | N/A |
| Median 5 years | 6.96% | N/A |
| 10 years average annual | 1.95% | N/A |
| Weekly media advert. rent | $495 | $450 |
| Time on Market | 96.5 days | 0.0 days |
| Gross Rental Yield Percent | 2.5% | 4.25% |
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