Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $778,000.
The upward trend in home prices in KALLAROO, 6025 averaged 4.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 2.81% increase in returns based on the current median price in KALLAROO.
An average of 6.17 real estate transactions take place per month in KALLAROO which translates to 74 per annum.
74 properties were sold in KALLAROO in 2016, making it the 48th most active market in WA based on total real estate transactions.
KALLAROO, 6025 places 55th in Australia based on median property value growth during the quarter.
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