Property investments in FLOREAT did not fare well against the rest of the country last year, registering a median home price decrease of 8.25%.
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 $662.5 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 73.8 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 $1,280,000.
FLOREAT ranks 373rd on the list of best yielding suburbs for rental properties in WA, posting a 2.69% return.
Profits due to an downward trend in home prices in FLOREAT, 6014 averaged -2.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.78% increase in returns based on the current median price in FLOREAT.
An average of 1.42 real estate transactions take place per month in FLOREAT which translates to 17 per annum.
17 properties were sold in FLOREAT during the past year, making it the 81st most active market in WA based on total real estate transactions.
FLOREAT, 6014 places 44th in Australia based on median property value growth during the quarter.
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