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2 MIN READ‘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...
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RamsgateRamsgate - SUBURB PROFILE REPORT
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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 $1,460,000.
Profits due to an upward trend in home prices there averaged 4.39% per annum over a 3-year period.
Home owners selling their properties and realtors in RAMSGATE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $645 mark, reflecting a 2.3% increase in returns based on the current median price in RAMSGATE.
RAMSGATE, 2217 places 605th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,460,000 | $743,500 |
| GROWTH REPORT | ||
| Median Quarterly | 6.57% | 0% |
| Median 12 month | 0% | 7.75% |
| Median 3 years | 13.18% | -0.87% |
| Median 5 years | 0% | 6.98% |
| 10 years average annual | 9.18% | 4.88% |
| Weekly media advert. rent | $645 | $500 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.3% | 3.5% |
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