Perth’s property market: Will there be pain ahead?
As investors face uncertainties amid the ongoing health crisis, Western Australians investors ask: will the recovering property market of Pe...
Property investors have seen a -4.44% drop in BELGIAN GARDENS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BELGIAN GARDENS, 4810 saw average decrease in the long term.
The QLD 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 $430,000
Profits averaged -2.17% per annum over a 3-year period, due to an downward trend in home prices in BELGIAN GARDENS, 4810.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in BELGIAN GARDENS, 4810 is 5.08%.
An average of 2.33 real estate transactions take place per month in BELGIAN GARDENS which translates to 28 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | $235,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.44% | 3.98% |
| Median 12 month | -4.44% | 18.69% |
| Median 3 years | -6.52% | -14.55% |
| Median 5 years | -11.79% | -21.14% |
| 10 years average annual | -1.34% | 1.16% |
| Weekly media advert. rent | $420 | $310 |
| Time on Market | 65.8 days | 0.0 days |
| Gross Rental Yield Percent | 5.08% | 6.86% |
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