‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
The suburb’s capital gain of -5.47% for the past year is lower than average compared to its -1.41% growth within a five-year period.
Also in SHENTON PARK, the median home price is sitting at $1,122,500, and the average rent at $650, this suggests property owners could potentially earn a 3.01% increase in gross rental yield.
Property investors have seen a -8.74% drop in SHENTON PARK based on a decrease 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 1.94% growth over a ten-year period. It ranks 3241st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,122,500 | $663,500 |
| GROWTH REPORT | ||
| Median Quarterly | -8.74% | 1.3% |
| Median 12 month | -5.47% | 49.61% |
| Median 3 years | -0.22% | 52.53% |
| Median 5 years | -1.41% | 31% |
| 10 years average annual | 1.94% | 6.99% |
| Weekly media advert. rent | $650 | $350 |
| Time on Market | 22.6 days | 39.4 days |
| Gross Rental Yield Percent | 3.01% | 2.74% |
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