20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
A steady increase in median property prices over a five-year period in the suburb translates to a 7.64% capital gain.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,620,000.
Profits due to an upward trend in home prices there averaged 2.55% per annum over a 3-year period.
Home owners selling their properties and realtors in IVANHOE usually have to wait an average of 40.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.09% increase in returns based on the current median price in IVANHOE.
IVANHOE, 3079 places 543rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.3%||13.89%|
|Median 3 years||7.64%||0.42%|
|Median 5 years||21.8%||8.63%|
|10 years average annual||4.83%||3.73%|
|Weekly media advert. rent||$650||$450|
|Time on Market||40.1 days||57.9 days|
|Gross Rental Yield Percent||2.09%||3.23%|