Perth market conditions at 5-year high for buyers
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
Property investors have seen a -5.13% drop in FRANKLIN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FRANKLIN, 2913 saw average growth in the long term.
The ACT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $730,500
Profits averaged 8.29% per annum over a 3-year period, due to an upward trend in home prices in FRANKLIN, 2913.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 3.99%.
An average of 4 real estate transactions take place per month in FRANKLIN which translates to 48 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,500 | $374,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.13% | 1.36% |
| Median 12 month | 2.89% | 1.36% |
| Median 3 years | 24.87% | 0.48% |
| Median 5 years | 27.93% | 10.03% |
| 10 years average annual | 4.92% | 1.18% |
| Weekly media advert. rent | $560 | $397.5 |
| Time on Market | 38.2 days | 82.2 days |
| Gross Rental Yield Percent | 3.99% | 5.53% |
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
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