Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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Property investors enjoyed capital gains of 10% over the last 12 months in MALLALA, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in MALLALA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 8.91% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MALLALA.
MALLALA, 5502 ranks 74th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 451st on the list of best yielding suburbs for rental properties in SA, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $275,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.46% | N/A |
| Median 12 month | 10% | N/A |
| Median 3 years | 8.91% | N/A |
| Median 5 years | 3.77% | N/A |
| 10 years average annual | -0.56% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 107.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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