Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
WARWICK, 6024 ranks 1497th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.73% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth 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 $547,500.
The downward trend in home prices in WARWICK, 6024 averaged -0.21% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 4.27% increase in returns based on the current median price in WARWICK.
An average of 8.58 real estate transactions take place per month in WARWICK which translates to 103 per annum.
103 properties were sold in WARWICK in 2016, making it the 508th most active market in WA based on total real estate transactions.
WARWICK, 6024 places 136th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.73%||30.11%|
|Median 3 years||-0.64%||N/A|
|Median 5 years||-3.44%||N/A|
|10 years average annual||0.8%||30.11%|
|Weekly media advert. rent||$450||N/A|
|Time on Market||51.3 days||0.0 days|
|Gross Rental Yield Percent||4.27%||N/A|