Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 31.35% over the last 12 months in WEMBLEY DOWNS, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 4.7% growth over a ten-year period. It ranks 2448th on our list of suburbs that property investors should look into.
WEMBLEY DOWNS, 6019 has a capital gain of 31.35% for the past year, which is higher than average compared to its 24.88% growth within a five-year period.
With the median home price in WEMBLEY DOWNS sitting at $1,267,500, and the average rent at $762.5, property owners could potentially earn a 3.13% increase in gross rental yield.
A 31.35% increase in median property prices in WEMBLEY DOWNS, 6019 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 44th.
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 12 month||31.35%||11.46%|
|Median 3 years||20.71%||-37.72%|
|Median 5 years||24.88%||-22.99%|
|10 years average annual||4.7%||9.29%|
|Weekly media advert. rent||$762.5||$490|
|Time on Market||15.6 days||52.0 days|
|Gross Rental Yield Percent||3.13%||7.18%|