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Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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Property investors in JOLIMONT enjoyed capital gains of 42.86% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in JOLIMONT are low, as opposed to average gains per annum over the past five years.
JOLIMONT posted a 33.24% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $350 mark, reflecting a 3.64% increase in returns based on the current median price in JOLIMONT.
JOLIMONT, 6014 ranks 3rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
JOLIMONT ranks 117th on the list of best yielding suburbs for rental properties in WA, posting a 3.64% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 1.01% |
| Median 12 month | N/A | 42.86% |
| Median 3 years | N/A | 33.24% |
| Median 5 years | N/A | 16.28% |
| 10 years average annual | N/A | 3.88% |
| Weekly media advert. rent | N/A | $350 |
| Time on Market | N/A | 0.0 days |
| Gross Rental Yield Percent | N/A | 3.64% |
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