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1 MIN READPerth Unit Market Takes Over In A Post-COVID Country First
Perth unit sales have risen by over 50 per cent in the past year, building on the capital’s current recovery trend. ...
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UnderwoodUnderwood - SUBURB PROFILE REPORT
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The suburb’s capital gain of 7.76% for the past year is higher than average compared to its 25% growth within a five-year period.
Also in UNDERWOOD, the median home price is sitting at $625,000, and the average rent at $450, this suggests property owners could potentially earn a 3.74% increase in gross rental yield.
Property investors have seen a -0.79% drop in UNDERWOOD based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.24% growth over a ten-year period. It ranks 2450th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,000 | $377,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.79% | 0% |
| Median 12 month | 7.76% | 6.2% |
| Median 3 years | 12.61% | 12.87% |
| Median 5 years | 25% | 3.57% |
| 10 years average annual | 3.24% | -0.05% |
| Weekly media advert. rent | $450 | $320 |
| Time on Market | 51.5 days | 78.2 days |
| Gross Rental Yield Percent | 3.74% | 4.41% |
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