Perth’s property market: Will there be pain ahead?
As investors face uncertainties amid the ongoing health crisis, Western Australians investors ask: will the recovering property market of Pe...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $946,000.
The upward trend in home prices in BEROWRA HEIGHTS, 2082 averaged 1.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 3.41% increase in returns based on the current median price in BEROWRA HEIGHTS.
An average of 3.83 real estate transactions take place per month in BEROWRA HEIGHTS which translates to 46 per annum.
46 properties were sold in BEROWRA HEIGHTS in 2016, making it the 402nd most active market in NSW based on total real estate transactions.
BEROWRA HEIGHTS, 2082 places 381st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $946,000 | $665,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.83% | N/A |
| Median 12 month | -6.34% | N/A |
| Median 3 years | 4.53% | -11.33% |
| Median 5 years | 19.6% | N/A |
| 10 years average annual | 6.36% | N/A |
| Weekly media advert. rent | $620 | $595 |
| Time on Market | 77.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.41% | 4.65% |
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