Perth market conditions at 5-year high for buyers
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
BALMORAL, 2283 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BALMORAL, 2283 values up and netting property investors a capital gain of 19.13% for the past year.
Investors saw the median home price rise to $545,000.
Profits due to an upward trend in home prices in the suburb averaged 8.91% per annum over a 3-year period.
BALMORAL now ranks at the 1072nd place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $445 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BALMORAL, homes and units usually stay on listing for an average of 97.4 days.
In 2016, 12 properties were sold in BALMORAL during the past year, making it the 1278th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.54% | N/A |
| Median 12 month | 19.13% | N/A |
| Median 3 years | 26.74% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 5.35% | N/A |
| Weekly media advert. rent | $445 | N/A |
| Time on Market | 97.4 days | N/A |
| Gross Rental Yield Percent | 4.25% | N/A |
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
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