Property News You Need To Know: The Week Ending 19 September
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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 $1,032,500.
Profits due to an upward trend in home prices in the suburb averaged 6.45% per annum over a 3-year period.
EAST PERTH now ranks at the 459th 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 $700 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 84.5 days.
In 2016, 22 properties were sold in EAST PERTH during the past year, making it the 295th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-10.8%||3.26%|
|Median 3 years||19.36%||-11.21%|
|Median 5 years||-6.14%||-5%|
|10 years average annual||1.06%||-0.87%|
|Weekly media advert. rent||$700||$440|
|Time on Market||84.5 days||81.5 days|
|Gross Rental Yield Percent||3.53%||4.82%|