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 investors have seen a 1.64% gain in LOWER PLENTY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 saw average growth in the long term.
The VIC 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 $930,000
Profits averaged 9.72% per annum over a 3-year period, due to an upward trend in home prices in LOWER PLENTY, 3093.
This means, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.63%.
An average of 2.42 real estate transactions take place per month in LOWER PLENTY which translates to 29 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $930,000 | $580,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.64% | N/A |
| Median 12 month | -1.59% | 6.42% |
| Median 3 years | 29.17% | 17.17% |
| Median 5 years | 42.97% | 38.1% |
| 10 years average annual | 6.22% | 5.42% |
| Weekly media advert. rent | $470 | $380 |
| Time on Market | 51.1 days | 53.6 days |
| Gross Rental Yield Percent | 2.63% | 3.41% |
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