Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $716,500.
The upward trend in home prices in DOUBLEVIEW, 6018 averaged 0.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $462.5 mark, reflecting a 3.36% increase in returns based on the current median price in DOUBLEVIEW.
An average of 17.5 real estate transactions take place per month in DOUBLEVIEW which translates to 210 per annum.
210 properties were sold in DOUBLEVIEW in 2016, making it the 251st most active market in WA based on total real estate transactions.
DOUBLEVIEW, 6018 places 204th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.17%||-12.07%|
|Median 3 years||0.92%||-19.78%|
|Median 5 years||15.1%||-18.1%|
|10 years average annual||1.74%||1.3%|
|Weekly media advert. rent||$462.5||$380|
|Time on Market||62.8 days||98.5 days|
|Gross Rental Yield Percent||3.36%||4.6%|