Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Homeowners and real estate investors betting on URRAWEEN, 4655 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 26.11%.
A steady increase in median property prices over a five-year period in the suburb translates to a 31.3% capital gain.
Property investors in URRAWEEN enjoyed capital gains of 26.11% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $495,000.
Profits due to an upward trend in home prices there averaged 10.43% per annum over a 3-year period.
Home owners selling their properties and realtors in URRAWEEN usually have to wait an average of 30.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 4.73% increase in returns based on the current median price in URRAWEEN.
URRAWEEN, 4655 places 610th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.11%||N/A|
|Median 3 years||31.3%||N/A|
|Median 5 years||36.74%||N/A|
|10 years average annual||4.39%||6.73%|
|Weekly media advert. rent||$450||N/A|
|Time on Market||30.1 days||0.0 days|
|Gross Rental Yield Percent||4.73%||N/A|