Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
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 $2,370,000.
The upward trend in home prices in DAVIDSON, 2085 averaged 13.76% per annum over a 3-year period.
Average weekly rents on listings have reached the $1175 mark, reflecting a 2.58% increase in returns based on the current median price in DAVIDSON.
An average of 3.67 real estate transactions take place per month in DAVIDSON which translates to 44 per annum.
44 properties were sold in DAVIDSON in 2016, making it the 497th most active market in NSW based on total real estate transactions.
DAVIDSON, 2085 places 1151st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.94%||N/A|
|Median 3 years||41.28%||N/A|
|Median 5 years||59.51%||N/A|
|10 years average annual||10.23%||N/A|
|Weekly media advert. rent||$1175||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.58%||N/A|