Property investments in PERTH did not fare well against the rest of the country last year, registering a median home price increase of 11.84%.
Real estate investors could earn a rental income of $495 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 80.5 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 $850,000.
PERTH ranks 349th on the list of best yielding suburbs for rental properties in WA, posting a 3.03% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.84%||-0.57%|
|Median 3 years||13.33%||-14.2%|
|Median 5 years||21.43%||-8.42%|
|10 years average annual||3.73%||0.17%|
|Weekly media advert. rent||$495||$420|
|Time on Market||80.5 days||97.8 days|
|Gross Rental Yield Percent||3.03%||5.02%|