‘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...
WOY WOY, 2256 ranks 1227th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.52% for property investors.
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 $835,000.
The upward trend in home prices in WOY WOY, 2256 averaged 7.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.8% increase in returns based on the current median price in WOY WOY.
An average of 15.08 real estate transactions take place per month in WOY WOY which translates to 181 per annum.
181 properties were sold in WOY WOY in 2016, making it the 1360th most active market in NSW based on total real estate transactions.
WOY WOY, 2256 places 826th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.52%||18.45%|
|Median 3 years||22.79%||11.11%|
|Median 5 years||43.97%||26.56%|
|10 years average annual||9.57%||7.11%|
|Weekly media advert. rent||$450||$440|
|Time on Market||47.2 days||58.2 days|
|Gross Rental Yield Percent||2.8%||3.75%|