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 0% gain in CLOVELLY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CLOVELLY, 2031 saw average growth in the long term.
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 $3,278,000
Profits averaged 17.49% per annum over a 3-year period, due to an upward trend in home prices in CLOVELLY, 2031.
This means, real estate investors could earn a rental income of $1725 based on current median home prices for the suburb.
The gross rental yield in CLOVELLY, 2031 is 2.74%.
An average of 4.17 real estate transactions take place per month in CLOVELLY which translates to 50 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,278,000 | $1,400,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -5.28% |
| Median 12 month | 3.08% | 2% |
| Median 3 years | 52.47% | 40% |
| Median 5 years | 74.48% | 63.74% |
| 10 years average annual | 7.54% | 8.48% |
| Weekly media advert. rent | $1725 | $790 |
| Time on Market | 45.9 days | 0.0 days |
| Gross Rental Yield Percent | 2.74% | 2.93% |
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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