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. ...
WESTLEIGH, 2120 ranks 698th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.98% 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 $1,402,000.
The upward trend in home prices in WESTLEIGH, 2120 averaged 0.05% per annum over a 3-year period.
Average weekly rents on listings have reached the $730 mark, reflecting a 2.71% increase in returns based on the current median price in WESTLEIGH.
An average of 5.92 real estate transactions take place per month in WESTLEIGH which translates to 71 per annum.
71 properties were sold in WESTLEIGH in 2016, making it the 188th most active market in NSW based on total real estate transactions.
WESTLEIGH, 2120 places 827th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,402,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.86% | N/A |
| Median 12 month | 13.98% | N/A |
| Median 3 years | 0.14% | N/A |
| Median 5 years | 19.16% | N/A |
| 10 years average annual | 6.98% | N/A |
| Weekly media advert. rent | $730 | N/A |
| Time on Market | 35.4 days | N/A |
| Gross Rental Yield Percent | 2.71% | N/A |
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