Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $1,090,000.
The downward trend in home prices in WEST LEEDERVILLE, 6007 averaged -0.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $605 mark, reflecting a 2.89% increase in returns based on the current median price in WEST LEEDERVILLE.
An average of 5.83 real estate transactions take place per month in WEST LEEDERVILLE which translates to 70 per annum.
70 properties were sold in WEST LEEDERVILLE in 2016, making it the 70th most active market in WA based on total real estate transactions.
WEST LEEDERVILLE, 6007 places 355th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,090,000 | $489,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.68% | 1.88% |
| Median 12 month | 3.32% | 7.47% |
| Median 3 years | -0.91% | -9.44% |
| Median 5 years | -0.91% | 8.37% |
| 10 years average annual | 1.27% | 5.45% |
| Weekly media advert. rent | $605 | $350 |
| Time on Market | 38.1 days | 51.9 days |
| Gross Rental Yield Percent | 2.89% | 3.72% |
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...
Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...
Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...
Get notifications in real-time for staying up to date with content that matters to you.
