EAST PERTH, 6004 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 $865,000.
Profits due to an downward trend in home prices in the suburb averaged -9.6% per annum over a 3-year period.
EAST PERTH now ranks at the 377th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAST PERTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $595 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EAST PERTH, homes and units usually stay on listing for an average of 98.6 days.
In 2016, 19 properties were sold in EAST PERTH during the past year, making it the 278th most active market in WA based on total real estate transactions.
EAST PERTH ranks 27th in WA when it comes to estimated capital gains experienced by property investors over the past three years.
EAST PERTH, 6004 has a capital gain of 15.22% for the past year, which is higher than average compared to its -6.19% growth within a five-year period.
EAST PERTH, 6004 ranks 257th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.22% for property investors last year.
With the median home price in EAST PERTH sitting at $530,000, and the average rent at $400, property owners could potentially earn a 3.92% increase in gross rental yield.
Property investors have seen a 9.96% gain in EAST PERTH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on EAST PERTH, 6004 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 15.22%.
A survey of average capital gains or median home price increase in suburbs across the country shows that EAST PERTH, 6004 obtained a 0.91% growth over a ten-year period. It ranks 1494th on our list of suburbs that property investors should look into.