A steady increase in median property prices over a five-year period in the suburb translates to a 3.84% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,352,000
The augmented property values in the suburb are trailing above the territorial average of -1.88% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $750.
Home owners selling their properties and realtors in CHURCHLANDS usually have to wait an average of 70.6 days days before their assets are lifted off the market.
The WA suburb ranks 359th on the list of best yielding suburbs for rental properties in WA, posting a 2.88% return.
It also places places 171st in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 3.13% over the last 12 months in CHURCHLANDS, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that CHURCHLANDS, 6018 obtained a 1.19% growth over a ten-year period. It ranks 1441st on our list of suburbs that property investors should look into.
CHURCHLANDS, 6018 has a capital gain of 3.13% for the past year, which is higher than average compared to its -8.87% growth within a five-year period.
With the median home price in CHURCHLANDS sitting at $391,875, and the average rent at $295, property owners could potentially earn a 3.91% increase in gross rental yield.
A 3.13% increase in median property prices in CHURCHLANDS, 6018 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 25th.
Figures from the previous quarter show that capital gains for real estate buyers in CHURCHLANDS are high, as opposed to average gains per annum over the past five years.
CHURCHLANDS, 6018 in WA belongs to the local government area of Stirling.