‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
The suburb’s capital gain of 37.1% for the past year is higher than average compared to its 44.68% growth within a five-year period.
Also in WOORIM, the median home price is sitting at $680,000, and the average rent at $450, this suggests property owners could potentially earn a 3.44% increase in gross rental yield.
Property investors have seen a 22.52% gain in WOORIM based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on WOORIM, 4507 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 37.1%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.77% growth over a ten-year period. It ranks 1823rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||37.1%||1.46%|
|Median 3 years||18.26%||14.29%|
|Median 5 years||44.68%||30%|
|10 years average annual||5.77%||3.99%|
|Weekly media advert. rent||$450||$350|
|Time on Market||43.6 days||96.9 days|
|Gross Rental Yield Percent||3.44%||4.38%|