Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Property investors have seen a 28.89% gain in BURRA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BURRA, 5417 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 25.41%.
Based on its average 5-year and quarterly capital gains BURRA, 5417 saw average growth in the long term.
The SA 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 $232,000
Profits averaged 3.4% per annum over a 3-year period, due to an upward trend in home prices in BURRA, 5417.
This means, real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
The gross rental yield in BURRA, 5417 is 6.05%.
An average of 3.42 real estate transactions take place per month in BURRA which translates to 41 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25.41%||N/A|
|Median 3 years||10.21%||N/A|
|Median 5 years||36.47%||N/A|
|10 years average annual||2.85%||N/A|
|Weekly media advert. rent||$270||N/A|
|Time on Market||133.6 days||N/A|
|Gross Rental Yield Percent||6.05%||N/A|