Rental listings fall to 8-year low
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
HARRINGTON, 2427 ranks 1512th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.15% for property investors.
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 $510,000.
The upward trend in home prices in HARRINGTON, 2427 averaged 3.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 4.69% increase in returns based on the current median price in HARRINGTON.
An average of 6.17 real estate transactions take place per month in HARRINGTON which translates to 74 per annum.
74 properties were sold in HARRINGTON in 2016, making it the 138th most active market in NSW based on total real estate transactions.
HARRINGTON, 2427 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 5.15% | 37.6% |
| Median 3 years | 11.54% | 34.38% |
| Median 5 years | 22.89% | 48.28% |
| 10 years average annual | 4.29% | 6.85% |
| Weekly media advert. rent | $460 | $297.5 |
| Time on Market | 111.5 days | 0.0 days |
| Gross Rental Yield Percent | 4.69% | 3.6% |
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
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