5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Property investors have seen a -0.03% drop in PENNANT HILLS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PENNANT HILLS, 2120 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 $1,440,000
Profits averaged -3.53% per annum over a 3-year period, due to an downward trend in home prices in PENNANT HILLS, 2120.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.35%.
An average of 5.5 real estate transactions take place per month in PENNANT HILLS which translates to 66 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,440,000 | $663,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.03% | -6.62% |
| Median 12 month | 8.68% | -14.45% |
| Median 3 years | -10.59% | 0.45% |
| Median 5 years | 14.01% | -5.96% |
| 10 years average annual | 7.22% | 6.07% |
| Weekly media advert. rent | $650 | $450 |
| Time on Market | 62.8 days | 74.7 days |
| Gross Rental Yield Percent | 2.35% | 3.53% |
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