Prices to soon exceed peak in ‘unsustainable moon-shot’
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
The suburb’s capital gain of -8.29% for the past year is lower than average compared to its -6% growth within a five-year period.
Also in SHENTON PARK, the median home price is sitting at $1,128,000, and the average rent at $625, this suggests property owners could potentially earn a 2.88% increase in gross rental yield.
Property investors have seen a 2.31% gain in SHENTON PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.29% growth over a ten-year period. It ranks 2332nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,128,000 | $465,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.31% | -10.58% |
| Median 12 month | -8.29% | -29.01% |
| Median 3 years | -8.39% | -7.92% |
| Median 5 years | -6% | -7.65% |
| 10 years average annual | 3.29% | 2.16% |
| Weekly media advert. rent | $625 | $350 |
| Time on Market | 50.8 days | 67.0 days |
| Gross Rental Yield Percent | 2.88% | 3.91% |
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