Perth’s property market: Will there be pain ahead?
As investors face uncertainties amid the ongoing health crisis, Western Australians investors ask: will the recovering property market of Pe...
Property investors have seen a -0.41% drop in WISHART based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WISHART, 4122 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 $721,000
Profits averaged 0.52% per annum over a 3-year period, due to an upward trend in home prices in WISHART, 4122.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in WISHART, 4122 is 3.61%.
An average of 9.17 real estate transactions take place per month in WISHART which translates to 110 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $721,000 | $391,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.41% | -0.13% |
| Median 12 month | -1.9% | -2.73% |
| Median 3 years | 1.55% | -6.79% |
| Median 5 years | 21.18% | 3.16% |
| 10 years average annual | 4.03% | 1.06% |
| Weekly media advert. rent | $500 | $420 |
| Time on Market | 50.8 days | 85.2 days |
| Gross Rental Yield Percent | 3.61% | 5.58% |
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