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 3.03% gain in BROADWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BROADWOOD, 6430 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 $595,000
This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
The gross rental yield in BROADWOOD, 6430 is 5.42%.
An average of 1 real estate transactions take place per month in BROADWOOD which translates to 12 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 1.71% | N/A |
| 10 years average annual | 1.85% | N/A |
| Weekly media advert. rent | $620 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.42% | N/A |
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