Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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.
Real estate investors could earn a rental income of $410 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 0.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $480,175.
GLENDALOUGH ranks 159th on the list of best yielding suburbs for rental properties in WA, posting a 4.44% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,175 | $240,750 |
| GROWTH REPORT | ||
| Median Quarterly | -2.47% | -1.73% |
| Median 12 month | N/A | -10.83% |
| Median 3 years | -10% | -23.08% |
| Median 5 years | 5.07% | -23.93% |
| 10 years average annual | N/A | -0.44% |
| Weekly media advert. rent | $410 | $270 |
| Time on Market | 0.0 days | 88.7 days |
| Gross Rental Yield Percent | 4.44% | 5.83% |
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