The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
PERTH, 7300 ranks 264th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.34% 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 $349,000.
The upward trend in home prices in PERTH, 7300 averaged 11.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.47% increase in returns based on the current median price in PERTH.
An average of 5.25 real estate transactions take place per month in PERTH which translates to 63 per annum.
63 properties were sold in PERTH in 2016, making it the 27th most active market in TAS based on total real estate transactions.
PERTH, 7300 places 24th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $349,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.38% | N/A |
| Median 12 month | 20.34% | N/A |
| Median 3 years | 35.8% | N/A |
| Median 5 years | 26.91% | N/A |
| 10 years average annual | 3.95% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 50.2 days | N/A |
| Gross Rental Yield Percent | 4.47% | N/A |
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