Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a -5.6% drop in SUBIACO based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SUBIACO, 6008 saw average decrease in the long term.
The WA 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 $1,180,000
Profits averaged -0.35% per annum over a 3-year period, due to an downward trend in home prices in SUBIACO, 6008.
This means, real estate investors could earn a rental income of $748.5 based on current median home prices for the suburb.
The gross rental yield in SUBIACO, 6008 is 3.3%.
An average of 7.5 real estate transactions take place per month in SUBIACO which translates to 90 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,180,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.6% | -1.1% |
| Median 12 month | -7.45% | -13.17% |
| Median 3 years | -1.05% | -12.62% |
| Median 5 years | -4.07% | -24.37% |
| 10 years average annual | 0.01% | -3.06% |
| Weekly media advert. rent | $748.5 | $425 |
| Time on Market | 48.4 days | 96.6 days |
| Gross Rental Yield Percent | 3.3% | 4.91% |
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