Perth market conditions at 5-year high for buyers
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
Also in MINYAMA, the median home price is sitting at $1,402,000, and the average rent at $650, this suggests property owners could potentially earn a 2.41% increase in gross rental yield.
Property investors have seen a 7.85% gain in MINYAMA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.82% growth over a ten-year period. It ranks 1344th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,402,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.85% | N/A |
| Median 12 month | N/A | 7.14% |
| Median 3 years | 81.78% | 17.92% |
| Median 5 years | 67.4% | 29.76% |
| 10 years average annual | 5.82% | 2.59% |
| Weekly media advert. rent | $650 | $375 |
| Time on Market | 94.8 days | 48.4 days |
| Gross Rental Yield Percent | 2.41% | 5.2% |
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
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