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Perth
AREA REPORTS

Perth

Perth - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6000

house
unit

Property investments in PERTH did not fare well against the rest of the country last year, registering a median home price decrease of 12.75%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains PERTH, 6000 saw average growth in the long term.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 72.8 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $840,000.

PERTH ranks 346th on the list of best yielding suburbs for rental properties in WA, posting a 3.4% return.

Data report can be found below

Perth
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $840,000 $428,194
GROWTH REPORT
Median Quarterly 5% 4.57%
Median 12 month 12.75% 2.32%
Median 3 years 14.29% -10.79%
Median 5 years 8.04% -20.41%
10 years average annual 2.54% -0.63%
Weekly media advert. rent $550 $450
Time on Market 72.8 days 63.0 days
Gross Rental Yield Percent 3.4% 5.46%
demographics (median values)*
Total Population
11425
Weekly Household Income
1827
Household Size
1.90
Age
32
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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