Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
DAKABIN, 4503 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in QLD have risen as a whole, pulling DAKABIN, 4503 values up and netting property investors a capital gain of 2.2% for the past year.
Investors saw the median home price rise to $465,000.
Profits due to an downward trend in home prices in the suburb averaged -0.35% per annum over a 3-year period.
DAKABIN now ranks at the 336th 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 DAKABIN 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 $410 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 DAKABIN, homes and units usually stay on listing for an average of 62.1 days.
In 2016, 151 properties were sold in DAKABIN during the past year, making it the 681st most active market in QLD based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $465,000 | $367,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.09% | 0% |
| Median 12 month | 2.2% | 0% |
| Median 3 years | -1.04% | 0.82% |
| Median 5 years | 15.53% | N/A |
| 10 years average annual | 1.82% | 0.27% |
| Weekly media advert. rent | $410 | $350 |
| Time on Market | 62.1 days | 0.0 days |
| Gross Rental Yield Percent | 4.58% | 4.96% |
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