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 enjoyed capital gains of 2.4% over the last 12 months in HERITAGE PARK, translating to lower returns compared with its peers in QLD.
Figures from the previous quarter show that capital gains for real estate buyers in HERITAGE PARK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 0.77% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 4.54% increase in returns based on the current median price in HERITAGE PARK.
HERITAGE PARK, 4118 ranks 538th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 419th on the list of best yielding suburbs for rental properties in QLD, posting a 4.54% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $458,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.93% | N/A |
| Median 12 month | 2.4% | N/A |
| Median 3 years | 0.77% | N/A |
| Median 5 years | 9.5% | N/A |
| 10 years average annual | 1% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 75.0 days | N/A |
| Gross Rental Yield Percent | 4.54% | N/A |
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