Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
BROULEE, 2537 ranks 1114th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.63% 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 $580,000.
The upward trend in home prices in BROULEE, 2537 averaged 12.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 5.83% increase in returns based on the current median price in BROULEE.
An average of 2.83 real estate transactions take place per month in BROULEE which translates to 34 per annum.
34 properties were sold in BROULEE in 2016, making it the 606th most active market in NSW based on total real estate transactions.
BROULEE, 2537 places 136th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.42% | -10.42% |
| Median 12 month | 9.63% | 25.18% |
| Median 3 years | 38.1% | 44.78% |
| Median 5 years | 51.04% | 31.3% |
| 10 years average annual | 4.9% | 12.7% |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 88.2 days | 0.0 days |
| Gross Rental Yield Percent | 5.83% | N/A |
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