Affordability and improving rental yields key drawcards in Perth appeal
WA-based property investment consultancy Momentum Wealth has shone a spotlight on why the Perth market is seeing a 40 per cent rise in buyer...
Property investors enjoyed capital gains of 3.79% over the last 12 months in MANGERTON, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in MANGERTON are low, as opposed to average gains per annum over the past five years.
The suburb posted a 4.62% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.36% increase in returns based on the current median price in MANGERTON.
MANGERTON, 2500 ranks 643rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 610th on the list of best yielding suburbs for rental properties in NSW, posting a 3.36% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.16% | N/A |
| Median 12 month | 3.79% | N/A |
| Median 3 years | 4.62% | N/A |
| Median 5 years | 28.79% | N/A |
| 10 years average annual | 6.29% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 59.1 days | N/A |
| Gross Rental Yield Percent | 3.36% | N/A |
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