Fresh tax crackdown captures short-term rental platforms
The Treasury has announced a consultation period on how tax is collected for various sharing economy services, which includes Airbnb, over c...
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 $975,000.
Profits due to an downward trend in home prices in the suburb averaged -6.91% per annum over a 3-year period.
EAST PERTH now ranks at the 8th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $592.5 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 87.3 days.
In 2016, 19 properties were sold in EAST PERTH during the past year, making it the 285th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $975,000 | $533,975 |
| GROWTH REPORT | ||
| Median Quarterly | 14.71% | -0.19% |
| Median 12 month | -17.02% | 16.08% |
| Median 3 years | -20.73% | -2.91% |
| Median 5 years | -18.75% | -8.64% |
| 10 years average annual | -0.47% | 0.56% |
| Weekly media advert. rent | $592.5 | $400 |
| Time on Market | 87.3 days | 108.6 days |
| Gross Rental Yield Percent | 3.16% | 3.9% |
The Treasury has announced a consultation period on how tax is collected for various sharing economy services, which includes Airbnb, over c...
The head of a property industry body has responded to comments made by Opposition leader Bill Shorten that Labor’s negative gearing policy...
Property in a previously unpopular capital city is showing signals indicating stronger growth, with one real estate network seeing private i...
Rentvesting, as the phenomenon is known, is the act of buying an investment property while you rent your current residence. This may be the ...
Property valuer, investment adviser, market commentator and author Anna Porter identifies several drivers that differentiate a home purchase...
Renters's expectations evolve over time, and renovations for an investment property should work to create a higher asking price from potenti...