Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 0.96% growth over a ten-year period. It ranks 3551st on our list of suburbs that property investors should look into.
WEMBLEY DOWNS, 6019 has a capital gain of -11.47% for the past year, which is lower than average compared to its -5.48% growth within a five-year period.
With the median home price in WEMBLEY DOWNS sitting at $965,000, and the average rent at $680, property owners could potentially earn a 3.66% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEMBLEY DOWNS are low, as opposed to average gains per annum over the past five years.
WEMBLEY DOWNS, 6019 in WA belongs to the local government area of Stirling (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $965,000 | $317,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.39% | N/A |
| Median 12 month | -11.47% | N/A |
| Median 3 years | -10.23% | N/A |
| Median 5 years | -5.48% | N/A |
| 10 years average annual | 0.96% | N/A |
| Weekly media advert. rent | $680 | $295 |
| Time on Market | 44.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.66% | 4.84% |
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