Affordability and improving rental yields key drawcards in Perth appeal
WA-based property investment consultancy Momentum Wealth has shone a spotlight on why the Perth market is seeing a 40 per cent rise in buyer...
A steady increase in median property prices over a five-year period in the suburb translates to a 8.91% capital gain.
It 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 $275,000
The augmented property values in the suburb are trailing behind the territorial average of 2.08% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $320.
Home owners selling their properties and realtors in GYMPIE usually have to wait an average of 66.7 days days before their assets are lifted off the market.
The QLD suburb ranks 118th on the list of best yielding suburbs for rental properties in QLD, posting a 6.05% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $275,000 | $255,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.97% |
| Median 12 month | 0% | -5.56% |
| Median 3 years | 8.91% | 7.37% |
| Median 5 years | 14.11% | 0% |
| 10 years average annual | 0.27% | 0.92% |
| Weekly media advert. rent | $320 | $237.5 |
| Time on Market | 66.7 days | 110.0 days |
| Gross Rental Yield Percent | 6.05% | 4.84% |
WA-based property investment consultancy Momentum Wealth has shone a spotlight on why the Perth market is seeing a 40 per cent rise in buyer...
The NSW government’s decision to extend its rental moratorium has been hit with criticism, with flow-on effects set to severely impact mum...
Master Builders Australia has said that recent lending changes are set to provide a big boost for home ownership and bolster economic recov...
Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to...
Wealthi investment director Stephanie Davies has acknowledged that we’re seeing a lot of markets retracting and property values taking a d...
There’s no shortage of information in the media speculating on the state of the Australian property market, but Right Property Group’s V...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment