‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
The suburb’s capital gain of 6.25% for the past year is higher than average compared to its 14.86% growth within a five-year period.
Also in FAIRFIELD HEIGHTS, the median home price is sitting at $850,000, and the average rent at $455, this suggests property owners could potentially earn a 2.78% increase in gross rental yield.
Property investors have seen a 3.41% gain in FAIRFIELD HEIGHTS based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.5% growth over a ten-year period. It ranks 888th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.25%||N/A|
|Median 3 years||7.2%||N/A|
|Median 5 years||14.86%||N/A|
|10 years average annual||7.5%||N/A|
|Weekly media advert. rent||$455||N/A|
|Time on Market||75.6 days||N/A|
|Gross Rental Yield Percent||2.78%||N/A|