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PERTH, 7300 ranks 229th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.62% for property investors.
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 $379,000.
The upward trend in home prices in PERTH, 7300 averaged 9.49% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.8% increase in returns based on the current median price in PERTH.
An average of 4.17 real estate transactions take place per month in PERTH which translates to 50 per annum.
50 properties were sold in PERTH in 2016, making it the 45th most active market in TAS based on total real estate transactions.
PERTH, 7300 places 9th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $379,000 | $253,000 |
| GROWTH REPORT | ||
| Median Quarterly | 11.8% | 0.4% |
| Median 12 month | 16.62% | N/A |
| Median 3 years | 28.47% | 7.66% |
| Median 5 years | 37.82% | 17.4% |
| 10 years average annual | 4.4% | 2.61% |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 49.3 days | 36.4 days |
| Gross Rental Yield Percent | 4.8% | N/A |
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