20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
TEA TREE GULLY, 5091 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling TEA TREE GULLY, 5091 values up and netting property investors a capital gain of 3.52% for the past year.
Investors saw the median home price rise to $471,000.
Profits due to an upward trend in home prices in the suburb averaged 2.66% per annum over a 3-year period.
TEA TREE GULLY now ranks at the 300th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TEA TREE GULLY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $350 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TEA TREE GULLY, homes and units usually stay on listing for an average of 68.8 days.
In 2016, 39 properties were sold in TEA TREE GULLY during the past year, making it the 178th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.52%||N/A|
|Median 3 years||7.97%||N/A|
|Median 5 years||14.88%||N/A|
|10 years average annual||2.78%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||68.8 days||N/A|
|Gross Rental Yield Percent||3.86%||N/A|