Property investors enjoyed capital gains of 4.85% over the last 12 months in NEDLANDS, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 0.39% growth over a ten-year period. It ranks 3756th on our list of suburbs that property investors should look into.
NEDLANDS, 6009 has a capital gain of 4.85% for the past year, which is higher than average compared to its 17.86% growth within a five-year period.
With the median home price in NEDLANDS sitting at $1,567,500, and the average rent at $687.5, property owners could potentially earn a 2.28% increase in gross rental yield.
A 4.85% increase in median property prices in NEDLANDS, 6009 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 63rd.
Figures from the previous quarter show that capital gains for real estate buyers in NEDLANDS are low, as opposed to average gains per annum over the past five years.
NEDLANDS, 6009 in WA belongs to the local government area of Nedlands.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.85%||-12.86%|
|Median 3 years||-2.03%||-21.05%|
|Median 5 years||17.86%||-4.55%|
|10 years average annual||0.39%||1.31%|
|Weekly media advert. rent||$687.5||$385|
|Time on Market||58.2 days||64.2 days|
|Gross Rental Yield Percent||2.28%||3.81%|