5 key changes sought to drive WA property market
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $253,750.
The upward trend in home prices in CHILDERS, 4660 averaged 3.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 6.15% increase in returns based on the current median price in CHILDERS.
An average of 3.17 real estate transactions take place per month in CHILDERS which translates to 38 per annum.
38 properties were sold in CHILDERS in 2016, making it the 343rd most active market in QLD based on total real estate transactions.
CHILDERS, 4660 places 342nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $253,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.63% | N/A |
| Median 12 month | -3.84% | N/A |
| Median 3 years | 9.97% | N/A |
| Median 5 years | 2.53% | N/A |
| 10 years average annual | -0.77% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 139.4 days | N/A |
| Gross Rental Yield Percent | 6.15% | N/A |
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