Property Market Update: Perth, August 2021
What is traditionally a quieter time for the property market turned out to be a scorching season for Perth, as the city ...
Property investments in WOOLLOOMOOLOO fare well against the rest of the country last year, registering a median home price increase of 29.07%.
Figures from the previous quarter show that capital gains for real estate buyers in WOOLLOOMOOLOO are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WOOLLOOMOOLOO, 2011 saw average growth in the long term.
This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WOOLLOOMOOLOO, homes and units usually stay on listing for an average of 67.4 days.
the NSW 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 $1,210,000
Investors saw the median home price rise to $1,210,000.
WOOLLOOMOOLOO ranks 594th on the list of best yielding suburbs for rental properties in NSW, posting a 2.36% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||29.07%|
|Median 3 years||N/A||25.71%|
|Median 5 years||N/A||50.31%|
|10 years average annual||N/A||8.11%|
|Weekly media advert. rent||N/A||$550|
|Time on Market||N/A||67.4 days|
|Gross Rental Yield Percent||N/A||2.36%|