20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $645,000.
The upward trend in home prices in ARUNDEL, 4214 averaged 4.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.43% increase in returns based on the current median price in ARUNDEL.
An average of 16.42 real estate transactions take place per month in ARUNDEL which translates to 197 per annum.
197 properties were sold in ARUNDEL in 2016, making it the 604th most active market in QLD based on total real estate transactions.
ARUNDEL, 4214 places 437th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.4%||-11.29%|
|Median 3 years||12.66%||0%|
|Median 5 years||21.7%||0.3%|
|10 years average annual||3.36%||0.35%|
|Weekly media advert. rent||$550||$410|
|Time on Market||72.0 days||72.7 days|
|Gross Rental Yield Percent||4.43%||6.46%|