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1 MIN READ20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
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AvalonAvalon - SUBURB PROFILE REPORT
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AVALON, 2107 ranks 250th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.79% for property investors.
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 $2,375,000.
The upward trend in home prices in AVALON, 2107 averaged 10.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $897.5 mark, reflecting a 1.97% increase in returns based on the current median price in AVALON.
An average of 14.83 real estate transactions take place per month in AVALON which translates to 178 per annum.
178 properties were sold in AVALON in 2016, making it the 978th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 394th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,375,000 | $999,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.49% | 12.25% |
| Median 12 month | 21.79% | 22.2% |
| Median 3 years | 31.94% | 12.88% |
| Median 5 years | 67.73% | 50.23% |
| 10 years average annual | 8.7% | 8% |
| Weekly media advert. rent | $897.5 | $562.75 |
| Time on Market | 76.9 days | 84.1 days |
| Gross Rental Yield Percent | 1.97% | 2.93% |
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