Perth sales strongest in 5 years
New data from the Real Estate Institute of Western Australia has revealed that June saw the biggest month of sales in Perth since 2015. ...
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 $844,500.
The downward trend in home prices in NORAH HEAD, 2263 averaged -3.62% per annum over a 3-year period.
Average weekly rents on listings have reached the $448 mark, reflecting a 2.76% increase in returns based on the current median price in NORAH HEAD.
An average of 1 real estate transactions take place per month in NORAH HEAD which translates to 12 per annum.
12 properties were sold in NORAH HEAD in 2016, making it the 1218th most active market in NSW based on total real estate transactions.
NORAH HEAD, 2263 places 123rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $844,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.58% | N/A |
| Median 12 month | -11.11% | N/A |
| Median 3 years | -10.87% | N/A |
| Median 5 years | 40.17% | N/A |
| 10 years average annual | 6.81% | N/A |
| Weekly media advert. rent | $448 | N/A |
| Time on Market | 28.2 days | N/A |
| Gross Rental Yield Percent | 2.76% | N/A |
New data from the Real Estate Institute of Western Australia has revealed that June saw the biggest month of sales in Perth since 2015. ...
The 1 July release of 10,000 new guarantees under the First Home Loan Deposit Scheme is expected to be well received for those looking to ...
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
Online marketplace Grays is launching itself into the real estate and property market with the sale of land plots in Western Australia’s K...
As in most parts of the world, the COVID-19 pandemic has seen vast implications for the Australian real estate. How will the NSW capital’s...
New research has identified the top 10 areas recording the greatest change in dwelling market values from 31 March to 31 May. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
