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Property investors have seen a -1.2% drop in COTTESLOE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COTTESLOE, 6011 saw average growth 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 $2,062,500
Profits averaged 5.13% per annum over a 3-year period, due to an upward trend in home prices in COTTESLOE, 6011.
This means, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
The gross rental yield in COTTESLOE, 6011 is 2.14%.
An average of 8.83 real estate transactions take place per month in COTTESLOE which translates to 106 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,062,500 | $800,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.2% | -6.43% |
| Median 12 month | 2.36% | 0% |
| Median 3 years | 15.38% | -0.62% |
| Median 5 years | 13.01% | 23.08% |
| 10 years average annual | 0.25% | 0.75% |
| Weekly media advert. rent | $850 | $450 |
| Time on Market | 73.1 days | 81.2 days |
| Gross Rental Yield Percent | 2.14% | 2.93% |
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