Property Market Update: Perth, August 2021
What is traditionally a quieter time for the property market turned out to be a scorching season for Perth, as the city ...
BURRAWANG, 2577 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,600,000.
Profits due to an upward trend in home prices in the suburb averaged 7.77% per annum over a 3-year period.
BURRAWANG now ranks at the 1095th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BURRAWANG are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BURRAWANG, homes and units usually stay on listing for an average of 68.2 days.
In 2016, 22 properties were sold in BURRAWANG during the past year, making it the 892nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||23.31%||N/A|
|Median 5 years||74.86%||N/A|
|10 years average annual||13.71%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||68.2 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|