Property industry reacts to Liberal Party win
Various figures in the property industry have reacted to the results of the federal election, with the majority welcoming the prospect of a ...
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Property investors have seen a -3.1% 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 $2,035,000
Profits averaged 5.43% 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 2.17%.
An average of 9.25 real estate transactions take place per month in COTTESLOE which translates to 111 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,035,000 | $850,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.1% | 0% |
| Median 12 month | -6.54% | 8.28% |
| Median 3 years | 16.29% | 8.97% |
| Median 5 years | 11.51% | 25.93% |
| 10 years average annual | 0.76% | -0.37% |
| Weekly media advert. rent | $850 | $487.5 |
| Time on Market | 68.9 days | 78.8 days |
| Gross Rental Yield Percent | 2.17% | 2.98% |
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