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...
Property investments in MONTROSE fare well against the rest of the country last year, registering a median home price increase of 13.08%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MONTROSE, 7010 saw average growth in the long term.
Real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 39.7 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $367,500.
MONTROSE ranks 43rd on the list of best yielding suburbs for rental properties in TAS, posting a 5.59% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $367,500 | $240,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.23% | N/A |
| Median 12 month | 13.08% | 6.67% |
| Median 3 years | 36.11% | 21.83% |
| Median 5 years | 38.68% | 10.6% |
| 10 years average annual | 3.33% | 3.55% |
| Weekly media advert. rent | $395 | $280 |
| Time on Market | 39.7 days | 0.0 days |
| Gross Rental Yield Percent | 5.59% | 6.07% |
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
Property investors are increasingly turning their skill for spotting a bargain into a lucrative career as a buyer’s agent. We spoke to a p...
With the Morrison government declaring that the next budget will be a return to surplus, and an election right around the corner, a property...
An insurance body has reminded investors that use short-term letting platforms are placing assets and financial stability at risk if they do...
No capital cities recorded a value rise over the last week, with only one avoiding a value fall, new data shows. ...
The new body that fields financial complaints has fielded over 13,000 enquiries in its first month, including those relating to investment p...