The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb 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 $530,000.
The downward trend in home prices in WARWICK, 6024 averaged -2.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.92% increase in returns based on the current median price in WARWICK.
An average of 6.25 real estate transactions take place per month in WARWICK which translates to 75 per annum.
75 properties were sold in WARWICK in 2016, making it the 53rd most active market in WA based on total real estate transactions.
WARWICK, 6024 places 316th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $530,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.2% | N/A |
| Median 12 month | -5.36% | N/A |
| Median 3 years | -8.62% | N/A |
| Median 5 years | -5.36% | N/A |
| 10 years average annual | 2% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 73.8 days | N/A |
| Gross Rental Yield Percent | 3.92% | N/A |
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