4 lessons from 4 commercial property deals
Rethink Investing’s Scott O’Neill looks back at his most recent commercial property deals and pinpoints valuable lessons investors can l...
BINDOON, 6502 ranks 717th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.38% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $457,500.
The upward trend in home prices in BINDOON, 6502 averaged 2.98% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 4.09% increase in returns based on the current median price in BINDOON.
An average of 1.67 real estate transactions take place per month in BINDOON which translates to 20 per annum.
20 properties were sold in BINDOON in 2016, making it the 288th most active market in WA based on total real estate transactions.
BINDOON, 6502 places 29th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $457,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 13.66% | N/A |
| Median 12 month | 14.38% | N/A |
| Median 3 years | 8.93% | N/A |
| Median 5 years | 3.98% | N/A |
| 10 years average annual | 3.18% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 165.2 days | N/A |
| Gross Rental Yield Percent | 4.09% | N/A |
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One word: commercial. ...
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