Perth’s sales listings hit 10-year low
Perth is experiencing an “extraordinary” decline in listing volumes, with sales listings hitting a 10-year low in February. ...
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 $340,000.
The downward trend in home prices in EMU PARK, 4710 averaged -0.39% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 5.51% increase in returns based on the current median price in EMU PARK.
An average of 4 real estate transactions take place per month in EMU PARK which translates to 48 per annum.
48 properties were sold in EMU PARK in 2016, making it the 268th most active market in QLD based on total real estate transactions.
EMU PARK, 4710 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 2.26% | N/A |
| Median 3 years | -1.16% | N/A |
| Median 5 years | -5.88% | N/A |
| 10 years average annual | 0.27% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 92.2 days | N/A |
| Gross Rental Yield Percent | 5.51% | N/A |
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