Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
Property investors enjoyed capital gains of 2.43% over the last 12 months in SCARBOROUGH, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in SCARBOROUGH are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $517.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $517.5 mark, reflecting a 3.7% increase in returns based on the current median price in SCARBOROUGH.
SCARBOROUGH, 6019 ranks 202nd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 308th on the list of best yielding suburbs for rental properties in WA, posting a 3.7% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $727,250 | $470,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.38% | -2.08% |
| Median 12 month | 2.43% | 4.44% |
| Median 3 years | -1.05% | -7.75% |
| Median 5 years | -5.06% | -9.62% |
| 10 years average annual | -0.25% | 0.41% |
| Weekly media advert. rent | $517.5 | $390 |
| Time on Market | 60.0 days | 58.7 days |
| Gross Rental Yield Percent | 3.7% | 4.31% |
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