Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
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 $482,500.
The upward trend in home prices in DENNINGTON, 3280 averaged 11.97% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 5.07% increase in returns based on the current median price in DENNINGTON.
An average of 4.83 real estate transactions take place per month in DENNINGTON which translates to 58 per annum.
58 properties were sold in DENNINGTON in 2016, making it the 147th most active market in VIC based on total real estate transactions.
DENNINGTON, 3280 places 104th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.38%||N/A|
|Median 3 years||35.92%||N/A|
|Median 5 years||39.45%||N/A|
|10 years average annual||3.36%||N/A|
|Weekly media advert. rent||$470||N/A|
|Time on Market||29.9 days||N/A|
|Gross Rental Yield Percent||5.07%||N/A|