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...
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 $385,250.
The upward trend in home prices in PARA VISTA, 5093 averaged 4.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.72% increase in returns based on the current median price in PARA VISTA.
An average of 4.17 real estate transactions take place per month in PARA VISTA which translates to 50 per annum.
50 properties were sold in PARA VISTA in 2016, making it the 128th most active market in SA based on total real estate transactions.
PARA VISTA, 5093 places 255th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.16%||N/A|
|Median 3 years||13.31%||N/A|
|Median 5 years||16.04%||N/A|
|10 years average annual||2.31%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||42.8 days||N/A|
|Gross Rental Yield Percent||4.72%||N/A|