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 2.91% gain in BIBRA LAKE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BIBRA LAKE, 6163 saw average growth in the long term.
The WA 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 $530,000
Profits averaged -0.62% per annum over a 3-year period, due to an downward trend in home prices in BIBRA LAKE, 6163.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in BIBRA LAKE, 6163 is 3.92%.
An average of 5.58 real estate transactions take place per month in BIBRA LAKE which translates to 67 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $530,000 | $250,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.91% | -10.71% |
| Median 12 month | 3.41% | -18.03% |
| Median 3 years | -1.85% | -6.54% |
| Median 5 years | -6.85% | -21.38% |
| 10 years average annual | 0.8% | -1.56% |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 64.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.92% | N/A |
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