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 1.73% gain in SAN REMO based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SAN REMO, 6210 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 $440,000
Profits averaged -6.88% per annum over a 3-year period, due to an downward trend in home prices in SAN REMO, 6210.
This means, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
The gross rental yield in SAN REMO, 6210 is 4.37%.
An average of 1.58 real estate transactions take place per month in SAN REMO which translates to 19 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $440,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.73% | N/A |
| Median 12 month | -3.3% | N/A |
| Median 3 years | -20.65% | N/A |
| Median 5 years | -21.78% | N/A |
| 10 years average annual | -0.82% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 121.3 days | N/A |
| Gross Rental Yield Percent | 4.37% | N/A |
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