‘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...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $740,000.
The upward trend in home prices in MILLER, 2168 averaged 3.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $382.5 mark, reflecting a 2.69% increase in returns based on the current median price in MILLER.
An average of 2.83 real estate transactions take place per month in MILLER which translates to 34 per annum.
34 properties were sold in MILLER in 2016, making it the 643rd most active market in NSW based on total real estate transactions.
MILLER, 2168 places 114th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.31%||N/A|
|Median 3 years||9.47%||N/A|
|Median 5 years||27.92%||N/A|
|10 years average annual||9.87%||N/A|
|Weekly media advert. rent||$382.5||N/A|
|Time on Market||59.2 days||N/A|
|Gross Rental Yield Percent||2.69%||N/A|