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 $915,000.
The upward trend in home prices in BLACKWALL, 2256 averaged 8.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $425 mark, reflecting a 2.42% increase in returns based on the current median price in BLACKWALL.
An average of 3 real estate transactions take place per month in BLACKWALL which translates to 36 per annum.
36 properties were sold in BLACKWALL in 2016, making it the 569th most active market in NSW based on total real estate transactions.
BLACKWALL, 2256 places 191st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||42.3%||1.75%|
|Median 3 years||24.49%||0.87%|
|Median 5 years||47.58%||31.82%|
|10 years average annual||9.4%||7.59%|
|Weekly media advert. rent||$425||$390|
|Time on Market||46.0 days||71.9 days|
|Gross Rental Yield Percent||2.42%||3.5%|