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...
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 $259,000.
The upward trend in home prices in GAILES, 4300 averaged 1.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 6.02% increase in returns based on the current median price in GAILES.
An average of 2.17 real estate transactions take place per month in GAILES which translates to 26 per annum.
26 properties were sold in GAILES in 2016, making it the 451st most active market in QLD based on total real estate transactions.
GAILES, 4300 places 464th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $259,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.38% | N/A |
| Median 12 month | 0.58% | N/A |
| Median 3 years | 5.71% | N/A |
| Median 5 years | 12.61% | N/A |
| 10 years average annual | -0.36% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 49.9 days | N/A |
| Gross Rental Yield Percent | 6.02% | N/A |
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...
Ever wondered what amount of rent landlords are charging in other capital cities? New research has the answer. ...
Strong clearance rates have not attracted new sellers, with property listings over the past 28 days falling to its lowest October level sinc...
Rental markets continue to remain sluggish, with national rents down for the third consecutive month. ...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
Get notifications in real-time for staying up to date with content that matters to you.