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 ...
Based on its average 5-year and quarterly capital gains NEWSTEAD, 4006 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an downward trend in home prices in NEWSTEAD, 4006 averaged -2.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.23% increase in returns based on the current median price in NEWSTEAD.
An average of 20.08 real estate transactions take place per month in NEWSTEAD which translates to 241 per annum.
241 properties were sold in NEWSTEAD during the past year, making it the 216th most active market in QLD based on total real estate transactions.
NEWSTEAD, 4006 places 298th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-5.02%|
|Median 3 years||N/A||-8.89%|
|Median 5 years||N/A||1.43%|
|10 years average annual||N/A||-1.32%|
|Weekly media advert. rent||N/A||$500|
|Time on Market||N/A||75.7 days|
|Gross Rental Yield Percent||N/A||4.23%|