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Floreat
AREA REPORTS

Floreat

Floreat - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6014

house
unit

Property investments in FLOREAT fare well against the rest of the country last year, registering a median home price increase of 14.29%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains FLOREAT, 6014 saw average growth in the long term.

Real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 28.9 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,600,000.

FLOREAT ranks 392nd on the list of best yielding suburbs for rental properties in WA, posting a 2.6% return.

Data report can be found below

Floreat
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,600,000 $1,365,000
GROWTH REPORT
Median Quarterly 1.91% 1.68%
Median 12 month 14.29% N/A
Median 3 years 18.52% 106.82%
Median 5 years 33.33% 89.58%
10 years average annual 3.65% -3.68%
Weekly media advert. rent $800 $600
Time on Market 28.9 days 59.9 days
Gross Rental Yield Percent 2.6% 2.29%
demographics (median values)*
Total Population
20604
Weekly Household Income
2021
Household Size
2.60
Age
37
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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