Tradesman fined over building project work
A Perth tradesman has been fined after pleading guilty to carrying out work on a building project without adequate registration. ...
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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 $605,000.
The upward trend in home prices in INVERLOCH, 3996 averaged 12.24% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 3.7% increase in returns based on the current median price in INVERLOCH.
An average of 12.92 real estate transactions take place per month in INVERLOCH which translates to 155 per annum.
155 properties were sold in INVERLOCH in 2016, making it the 553rd most active market in VIC based on total real estate transactions.
INVERLOCH, 3996 places 235th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $605,000 | $397,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.54% | 4.61% |
| Median 12 month | 2.54% | -4.22% |
| Median 3 years | 36.72% | 7.8% |
| Median 5 years | 39.97% | 34.29% |
| 10 years average annual | 4.95% | 2.93% |
| Weekly media advert. rent | $430 | $325 |
| Time on Market | 104.1 days | 94.5 days |
| Gross Rental Yield Percent | 3.7% | 4.25% |
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