20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
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 $452,500.
The upward trend in home prices in MALLABULA, 2319 averaged 1.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $355 mark, reflecting a 4.08% increase in returns based on the current median price in MALLABULA.
An average of 2 real estate transactions take place per month in MALLABULA which translates to 24 per annum.
24 properties were sold in MALLABULA in 2016, making it the 824th most active market in NSW based on total real estate transactions.
MALLABULA, 2319 places 1047th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.35%||N/A|
|Median 3 years||5.6%||N/A|
|Median 5 years||30.78%||N/A|
|10 years average annual||4.67%||N/A|
|Weekly media advert. rent||$355||N/A|
|Time on Market||55.7 days||N/A|
|Gross Rental Yield Percent||4.08%||N/A|