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 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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