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...
The suburb’s capital gain of 9.26% for the past year is higher than average compared to its 20.41% growth within a five-year period.
Property investors have seen a 2.61% gain in OCEAN BEACH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.83% growth over a ten-year period. It ranks 2637th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $590,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.61% | N/A |
| Median 12 month | 9.26% | N/A |
| Median 3 years | 32.58% | N/A |
| Median 5 years | 20.41% | N/A |
| 10 years average annual | 2.83% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 120.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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