Rental listings fall to 8-year low
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
The suburb’s capital gain of -13.24% for the past year is lower than average compared to its 24.21% growth within a five-year period.
Also in THE ENTRANCE, the median home price is sitting at $590,000, and the average rent at $390, this suggests property owners could potentially earn a 3.44% increase in gross rental yield.
Property investors have seen a -2.48% drop in THE ENTRANCE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.97% growth over a ten-year period. It ranks 606th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $590,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.48% | -2.22% |
| Median 12 month | -13.24% | -1.79% |
| Median 3 years | -8.53% | 4.76% |
| Median 5 years | 24.21% | 33.33% |
| 10 years average annual | 5.97% | 2.98% |
| Weekly media advert. rent | $390 | $380 |
| Time on Market | 98.3 days | 123.8 days |
| Gross Rental Yield Percent | 3.44% | 4.49% |
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
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