Property Market Update: Perth, August 2021
What is traditionally a quieter time for the property market turned out to be a scorching season for Perth, as the city ...
Property investors enjoyed capital gains of 10.64% over the last 12 months in KINGS MEADOWS, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in KINGS MEADOWS are low, as opposed to average gains per annum over the past five years.
The suburb posted a 26.55% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
On average, rents on listings have reached the $380 mark, reflecting a 5.1% increase in returns based on the current median price in KINGS MEADOWS.
KINGS MEADOWS, 7249 ranks 129th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 37th on the list of best yielding suburbs for rental properties in TAS, posting a 5.1% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.64%||19.09%|
|Median 3 years||26.55%||-6.86%|
|Median 5 years||58.06%||68.04%|
|10 years average annual||5.24%||8.62%|
|Weekly media advert. rent||$380||$330|
|Time on Market||34.2 days||0.0 days|
|Gross Rental Yield Percent||5.1%||5.26%|