Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
The suburb’s capital gain of 8.34% for the past year is higher than average compared to its 22.09% growth within a five-year period.
Also in MACHANS BEACH, the median home price is sitting at $409,000, and the average rent at $420, this suggests property owners could potentially earn a 5.34% increase in gross rental yield.
Property investors have seen a 2.76% gain in MACHANS BEACH 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 1.53% growth over a ten-year period. It ranks 3338th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $409,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.76% | N/A |
| Median 12 month | 8.34% | N/A |
| Median 3 years | 0.99% | N/A |
| Median 5 years | 22.09% | N/A |
| 10 years average annual | 1.53% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 103.5 days | N/A |
| Gross Rental Yield Percent | 5.34% | N/A |
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