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1 MIN READTop 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
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Woy WoyWoy Woy - SUBURB PROFILE REPORT
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WOY WOY, 2256 ranks 2646th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.54% 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 $795,000.
The upward trend in home prices in WOY WOY, 2256 averaged 5.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 2.81% increase in returns based on the current median price in WOY WOY.
An average of 14.75 real estate transactions take place per month in WOY WOY which translates to 177 per annum.
177 properties were sold in WOY WOY in 2016, making it the 1255th most active market in NSW based on total real estate transactions.
WOY WOY, 2256 places 691st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $795,000 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.61% | 4.09% |
| Median 12 month | 22.54% | 17% |
| Median 3 years | 15.22% | 1.39% |
| Median 5 years | 38.86% | 20.62% |
| 10 years average annual | 8.81% | 6.87% |
| Weekly media advert. rent | $430 | $420 |
| Time on Market | 48.7 days | 66.2 days |
| Gross Rental Yield Percent | 2.81% | 3.73% |
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