Property investments in NORTH BEACH did not fare well against the rest of the country last year, registering a median home price decrease of 21.8%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains NORTH BEACH, 6020 saw average growth in the long term.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 83.3 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,047,500.
NORTH BEACH ranks 369th on the list of best yielding suburbs for rental properties in WA, posting a 2.73% return.
Profits due to an downward trend in home prices in NORTH BEACH, 6020 averaged -0.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $372.5 mark, reflecting a 3.82% increase in returns based on the current median price in NORTH BEACH.
An average of 1.33 real estate transactions take place per month in NORTH BEACH which translates to 16 per annum.
16 properties were sold in NORTH BEACH during the past year, making it the 84th most active market in WA based on total real estate transactions.
NORTH BEACH, 6020 places 68th in Australia based on median property value growth during the quarter.
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