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1 MIN READTop 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
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Wavell HeightsWavell Heights - SUBURB PROFILE REPORT
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Property investors have seen a 7.14% gain in WAVELL HEIGHTS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WAVELL HEIGHTS, 4012 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 20%.
Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.
The QLD suburb also 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 $900,000
Profits averaged 8.92% per annum over a 3-year period, due to an upward trend in home prices in WAVELL HEIGHTS, 4012.
This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
The gross rental yield in WAVELL HEIGHTS, 4012 is 3%.
An average of 24.42 real estate transactions take place per month in WAVELL HEIGHTS which translates to 293 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $900,000 | $372,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.14% | -0.8% |
| Median 12 month | 20% | -8.15% |
| Median 3 years | 26.76% | -2.75% |
| Median 5 years | 38.92% | 0.54% |
| 10 years average annual | 5.29% | -0.99% |
| Weekly media advert. rent | $520 | $360 |
| Time on Market | 38.5 days | 36.4 days |
| Gross Rental Yield Percent | 3% | 5.03% |
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