Perth market conditions at 5-year high for buyers
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
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 $820,000.
The upward trend in home prices in WATTLE GROVE, 2173 averaged 6.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 3.36% increase in returns based on the current median price in WATTLE GROVE.
An average of 6.75 real estate transactions take place per month in WATTLE GROVE which translates to 81 per annum.
81 properties were sold in WATTLE GROVE in 2016, making it the 105th most active market in NSW based on total real estate transactions.
WATTLE GROVE, 2173 places 955th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.06% | N/A |
| Median 12 month | -1.2% | N/A |
| Median 3 years | 20.15% | N/A |
| Median 5 years | 62.38% | N/A |
| 10 years average annual | 7.86% | N/A |
| Weekly media advert. rent | $530 | N/A |
| Time on Market | 35.2 days | N/A |
| Gross Rental Yield Percent | 3.36% | N/A |
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
Researchers at a top Australian university have revealed the future of building materials looks set to lie in household waste which could be...
The festive season is here, and with it the possibility that your rental property will be damaged. From parties, to tenants putting up decor...
Despite the softening of the property market following the end of the boom in Sydney and Melbourne, Right Property Group’s Steve Waters be...
With the announcement that the banking regulator has removed the 30 per cent new lending cap on interest-only loans, we spoke to property ex...
The banking regulator is set to remove its caps on interest-only lending, a move which is tipped to open property investors to more choice o...