INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Looking back to look forward
On the resumption of the fifth season of Investing Insights with Right Property Group, Australians are being urged to ride through the ups a...
Property investors enjoyed capital gains of 3.74% over the last 12 months in MARMION, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MARMION are high, as opposed to average gains per annum over the past five years.
The suburb posted a 3.29% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $640 based on current median home prices for the suburb.
On average, rents on listings have reached the $640 mark, reflecting a 3.72% increase in returns based on the current median price in MARMION.
MARMION, 6020 ranks 210th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 311th on the list of best yielding suburbs for rental properties in WA, posting a 3.72% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $893,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.96% | N/A |
| Median 12 month | 3.74% | N/A |
| Median 3 years | 3.29% | N/A |
| Median 5 years | -5.95% | N/A |
| 10 years average annual | 0.4% | N/A |
| Weekly media advert. rent | $640 | N/A |
| Time on Market | 60.1 days | N/A |
| Gross Rental Yield Percent | 3.72% | N/A |
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