5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Property investors have seen a 2.31% gain in SPRINGDALE HEIGHTS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SPRINGDALE HEIGHTS, 2641 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 $287,500
Profits averaged 6.6% per annum over a 3-year period, due to an upward trend in home prices in SPRINGDALE HEIGHTS, 2641.
This means, real estate investors could earn a rental income of $305 based on current median home prices for the suburb.
The gross rental yield in SPRINGDALE HEIGHTS, 2641 is 5.52%.
An average of 4.5 real estate transactions take place per month in SPRINGDALE HEIGHTS which translates to 54 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $287,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.31% | N/A |
| Median 12 month | 5.5% | N/A |
| Median 3 years | 19.79% | N/A |
| Median 5 years | 10.58% | N/A |
| 10 years average annual | 2.98% | N/A |
| Weekly media advert. rent | $305 | N/A |
| Time on Market | 100.5 days | N/A |
| Gross Rental Yield Percent | 5.52% | N/A |
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