Based on its average 5-year and quarterly capital gains WEMBLEY, 6014 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WEMBLEY, 6014 obtained a 2.37% growth over a ten-year period. It ranks 2849th on our list of suburbs that property investors should look into.
WEMBLEY, 6014 in WA belongs to the local government area of Cambridge.
WEMBLEY, 6014 has a capital gain of 8.2% for the past year, which is higher than average compared to its 18.04% growth within a five-year period.
With the median home price in WEMBLEY sitting at $1,022,500, and the average rent at $600, property owners could potentially earn a 3.05% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEMBLEY are low, as opposed to average gains per annum over the past five years.
A 8.2% increase in median property prices in WEMBLEY, 6014 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 42nd.
WEMBLEY, 6014 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $305,000.
Profits due to an downward trend in home prices in WEMBLEY, 6014 averaged -4.29% per annum over a 3-year period.
Home owners selling their properties and realtors in WEMBLEY usually have to wait an average of 93.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $250 mark, reflecting a 4.26% increase in returns based on the current median price in WEMBLEY.
WEMBLEY, 6014 places 7th in Australia based on median property value growth during the quarter.