PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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INNALOO, 6018 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 $520,000.
Profits due to an downward trend in home prices in the suburb averaged -2.57% per annum over a 3-year period.
INNALOO now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in INNALOO are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $430 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In INNALOO, homes and units usually stay on listing for an average of 70.2 days.
In 2016, 171 properties were sold in INNALOO during the past year, making it the 314th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $520,000 | $397,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -3.17% |
| Median 12 month | -3.7% | -6.59% |
| Median 3 years | -7.72% | -10.79% |
| Median 5 years | -14.68% | -20.74% |
| 10 years average annual | -0.05% | -1.61% |
| Weekly media advert. rent | $430 | $400 |
| Time on Market | 70.2 days | 89.4 days |
| Gross Rental Yield Percent | 4.3% | 5.24% |
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