Perth Price Rise Proceeds With June Value Bump
Homes in Perth have continued their strong year of growth, with values rising throughout June. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $625,000.
The upward trend in home prices in LEMON TREE PASSAGE, 2319 averaged 8.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.91% increase in returns based on the current median price in LEMON TREE PASSAGE.
An average of 6.75 real estate transactions take place per month in LEMON TREE PASSAGE which translates to 81 per annum.
81 properties were sold in LEMON TREE PASSAGE in 2016, making it the 139th most active market in NSW based on total real estate transactions.
LEMON TREE PASSAGE, 2319 places 1052nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.19%||N/A|
|Median 3 years||25%||N/A|
|Median 5 years||60.88%||N/A|
|10 years average annual||8%||N/A|
|Weekly media advert. rent||$470||N/A|
|Time on Market||33.5 days||N/A|
|Gross Rental Yield Percent||3.91%||N/A|