4 Things Borrowers Can Do With An Increase In Equity
Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $770,000.
The upward trend in home prices in DOUBLEVIEW, 6018 averaged 3.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $525 mark, reflecting a 3.55% increase in returns based on the current median price in DOUBLEVIEW.
An average of 18 real estate transactions take place per month in DOUBLEVIEW which translates to 216 per annum.
216 properties were sold in DOUBLEVIEW in 2016, making it the 306th most active market in WA based on total real estate transactions.
DOUBLEVIEW, 6018 places 292nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.79%||4.3%|
|Median 3 years||11.59%||0.53%|
|Median 5 years||10.79%||-5.74%|
|10 years average annual||1.84%||1.24%|
|Weekly media advert. rent||$525||$450|
|Time on Market||30.8 days||32.5 days|
|Gross Rental Yield Percent||3.55%||4.56%|