Bargains set to hit the market in wake of royal commission
New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...
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 $552,500.
The downward trend in home prices in WARWICK, 6024 averaged -2.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.67% increase in returns based on the current median price in WARWICK.
An average of 6.5 real estate transactions take place per month in WARWICK which translates to 78 per annum.
78 properties were sold in WARWICK in 2016, making it the 38th most active market in WA based on total real estate transactions.
WARWICK, 6024 places 143rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $552,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.45% | N/A |
| Median 12 month | -0.45% | N/A |
| Median 3 years | -8.07% | N/A |
| Median 5 years | 3.56% | N/A |
| 10 years average annual | 2.23% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 79.9 days | N/A |
| Gross Rental Yield Percent | 3.67% | N/A |
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