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...
Property investors have seen a 2.14% gain in NEWTOWN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NEWTOWN, 4305 saw average growth in the long term.
The QLD 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 $357,500
Profits averaged 3.45% per annum over a 3-year period, due to an upward trend in home prices in NEWTOWN, 4305.
This means, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 4305 is 4.65%.
An average of 2.17 real estate transactions take place per month in NEWTOWN which translates to 26 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $357,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.14% | N/A |
| Median 12 month | 9.16% | N/A |
| Median 3 years | 10.34% | N/A |
| Median 5 years | 12.16% | N/A |
| 10 years average annual | 1.55% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 29.4 days | N/A |
| Gross Rental Yield Percent | 4.65% | N/A |
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