Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Property investors have seen a 16.39% gain in WOLLONGBAR based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WOLLONGBAR, 2477 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 30%.
Based on its average 5-year and quarterly capital gains WOLLONGBAR, 2477 saw average growth in the long term.
The NSW 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 $806,000
Profits averaged 13.8% per annum over a 3-year period, due to an upward trend in home prices in WOLLONGBAR, 2477.
This means, real estate investors could earn a rental income of $640 based on current median home prices for the suburb.
The gross rental yield in WOLLONGBAR, 2477 is 4.13%.
An average of 3.75 real estate transactions take place per month in WOLLONGBAR which translates to 45 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30%||20%|
|Median 3 years||41.4%||17.88%|
|Median 5 years||64.49%||71.43%|
|10 years average annual||6.82%||12.87%|
|Weekly media advert. rent||$640||$435|
|Time on Market||41.3 days||34.5 days|
|Gross Rental Yield Percent||4.13%||3.77%|