Perth Rentals Down 10-30% From Peak
The Perth rental market has risen in affordability, with a new analysis showing more than 200 suburbs with median house ...
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 $1,000,000.
The downward trend in home prices in RIVERWOOD, 2210 averaged -1.74% per annum over a 3-year period.
Average weekly rents on listings have reached the $512.5 mark, reflecting a 2.67% increase in returns based on the current median price in RIVERWOOD.
An average of 4.5 real estate transactions take place per month in RIVERWOOD which translates to 54 per annum.
54 properties were sold in RIVERWOOD in 2016, making it the 331st most active market in NSW based on total real estate transactions.
RIVERWOOD, 2210 places 1028th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.64%||1.9%|
|Median 3 years||-5.21%||-6.2%|
|Median 5 years||5.82%||-9.44%|
|10 years average annual||6.72%||3.29%|
|Weekly media advert. rent||$512.5||$450|
|Time on Market||43.3 days||65.4 days|
|Gross Rental Yield Percent||2.67%||3.97%|