Dodgy ‘roof repairing’ conmen exploiting property owners
The Western Australian government has put out a call for WA property owners to watch out for roof repair conmen who are asking payment for w...
Property investors have seen a -1.84% drop in LOWER PLENTY based on a decrease 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 $945,000
Profits averaged 9.27% 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 $500 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.75%.
An average of 3.25 real estate transactions take place per month in LOWER PLENTY which translates to 39 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $945,000 | $520,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.84% | -10.34% |
| Median 12 month | -1.97% | -5.24% |
| Median 3 years | 27.8% | 6.56% |
| Median 5 years | 45.27% | 23.66% |
| 10 years average annual | 3.26% | 5.04% |
| Weekly media advert. rent | $500 | $370 |
| Time on Market | 57.7 days | 47.6 days |
| Gross Rental Yield Percent | 2.75% | 3.7% |
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