‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $485,000
The augmented property values in the suburb are trailing above the territorial average of -1.74% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $350.
Home owners selling their properties and realtors in BALCATTA usually have to wait an average of 79.1 days days before their assets are lifted off the market.
The WA suburb ranks 306th on the list of best yielding suburbs for rental properties in WA, posting a 3.75% return.
It also places places 148th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,000 | $335,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.15% | 0% |
| Median 12 month | -1.42% | -9.46% |
| Median 3 years | -10.6% | -18.39% |
| Median 5 years | -9.35% | -23.25% |
| 10 years average annual | 0.96% | -0.57% |
| Weekly media advert. rent | $350 | $340 |
| Time on Market | 79.1 days | 79.4 days |
| Gross Rental Yield Percent | 3.75% | 5.28% |
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