Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investors have seen a 3.83% gain in LATHAM based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LATHAM, 2615 saw average growth in the long term.
The ACT 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 $555,500
Profits averaged 5.57% per annum over a 3-year period, due to an upward trend in home prices in LATHAM, 2615.
This means, real estate investors could earn a rental income of $482.5 based on current median home prices for the suburb.
The gross rental yield in LATHAM, 2615 is 4.52%.
An average of 4 real estate transactions take place per month in LATHAM which translates to 48 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $555,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.83% | N/A |
| Median 12 month | 5.01% | N/A |
| Median 3 years | 16.7% | N/A |
| Median 5 years | 24.83% | N/A |
| 10 years average annual | 3.77% | N/A |
| Weekly media advert. rent | $482.5 | N/A |
| Time on Market | 47.3 days | N/A |
| Gross Rental Yield Percent | 4.52% | N/A |
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