Perth Price Rise Proceeds With June Value Bump
Homes in Perth have continued their strong year of growth, with values rising throughout June. ...
The suburb’s capital gain of 9.7% for the past year is higher than average compared to its 26.4% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $650,000, and the average rent at $490, this suggests property owners could potentially earn a 3.92% increase in gross rental yield.
Property investors have seen a 2.36% gain in MORPETH based on an increase 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 3.75% growth over a ten-year period. It ranks 2851st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.7%||N/A|
|Median 3 years||15.04%||N/A|
|Median 5 years||26.4%||N/A|
|10 years average annual||3.75%||N/A|
|Weekly media advert. rent||$490||N/A|
|Time on Market||39.0 days||N/A|
|Gross Rental Yield Percent||3.92%||N/A|