Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
DEAKIN, 2600 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in ACT have risen as a whole, pulling DEAKIN, 2600 values up and netting property investors a capital gain of 7.1% for the past year.
Investors saw the median home price rise to $1,245,000.
Profits due to an upward trend in home prices in the suburb averaged 9.84% per annum over a 3-year period.
DEAKIN now ranks at the 76th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DEAKIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $735 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DEAKIN, homes and units usually stay on listing for an average of 92.7 days.
In 2016, 46 properties were sold in DEAKIN during the past year, making it the 28th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,245,000 | $890,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.86% | -3.26% |
| Median 12 month | 7.1% | 9.88% |
| Median 3 years | 29.52% | 11.25% |
| Median 5 years | 44.77% | 21.09% |
| 10 years average annual | 4.49% | 14.03% |
| Weekly media advert. rent | $735 | $595 |
| Time on Market | 92.7 days | 0.0 days |
| Gross Rental Yield Percent | 3.07% | 3.48% |
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
The new body that fields financial complaints has fielded over 13,000 enquiries in its first month, including those relating to investment p...
With the knowledge that more than half of all loans go through a mortgage broker, what should property investors keep in mind? ...
Wondering how the Sydney market will move in 2019? These are the factors to watch, according to a leading real estate CEO. ...
A real estate body in Western Australia is pleased with the results of a nation-wide report for the September quarter that show it to be the...
Fox and Hare’s Jessica Brady and Glen Hare shares five questions that can help investors get the greatest value out of professional proper...