‘Great buying opportunities’ for careful investors looking at new-builds
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $1,187,500.
The upward trend in home prices in WEST LEEDERVILLE, 6007 averaged 1.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.63% increase in returns based on the current median price in WEST LEEDERVILLE.
An average of 4 real estate transactions take place per month in WEST LEEDERVILLE which translates to 48 per annum.
48 properties were sold in WEST LEEDERVILLE in 2016, making it the 132nd most active market in WA based on total real estate transactions.
WEST LEEDERVILLE, 6007 places 58th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,187,500 | $527,250 |
| GROWTH REPORT | ||
| Median Quarterly | 3.26% | -0.99% |
| Median 12 month | 13.64% | -2.36% |
| Median 3 years | 5.18% | 8.82% |
| Median 5 years | 19.05% | -10.64% |
| 10 years average annual | 3.41% | 7.59% |
| Weekly media advert. rent | $600 | $320 |
| Time on Market | 46.6 days | 84.9 days |
| Gross Rental Yield Percent | 2.63% | 3.16% |
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