Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
SLACKS CREEK, 4127 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $347,000.
Profits due to an upward trend in home prices in the suburb averaged 2.59% per annum over a 3-year period.
SLACKS CREEK now ranks at the 437th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SLACKS CREEK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $350 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SLACKS CREEK, homes and units usually stay on listing for an average of 54.8 days.
In 2016, 129 properties were sold in SLACKS CREEK during the past year, making it the 781st most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $347,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.14% | N/A |
| Median 12 month | -2.25% | N/A |
| Median 3 years | 7.76% | N/A |
| Median 5 years | 23.38% | N/A |
| 10 years average annual | 1.78% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 54.8 days | N/A |
| Gross Rental Yield Percent | 5.24% | N/A |
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