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...
The suburb’s capital gain of 6.9% for the past year is lower than average compared to its 93.75% growth within a five-year period.
Also in BALMAIN EAST, the median home price is sitting at $3,100,000, and the average rent at $1200, this suggests property owners could potentially earn a 2.01% increase in gross rental yield.
Property investors have seen a 2.48% gain in BALMAIN EAST based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.82% growth over a ten-year period. It ranks 201st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,100,000 | $951,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.48% | 4.79% |
| Median 12 month | 6.9% | -10.45% |
| Median 3 years | 28.1% | 0.88% |
| Median 5 years | 93.75% | 12.6% |
| 10 years average annual | 8.82% | 4.99% |
| Weekly media advert. rent | $1200 | $665 |
| Time on Market | 0.0 days | 120.1 days |
| Gross Rental Yield Percent | 2.01% | 3.63% |
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