Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investors have seen a -2.7% drop in KINGSLEY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KINGSLEY, 6026 saw average decrease in the long term.
The WA 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 $540,000
Profits averaged -2.82% per annum over a 3-year period, due to an downward trend in home prices in KINGSLEY, 6026.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in KINGSLEY, 6026 is 4.33%.
An average of 14.58 real estate transactions take place per month in KINGSLEY which translates to 175 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | $260,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | 0% |
| Median 12 month | -4.42% | N/A |
| Median 3 years | -8.47% | -18.74% |
| Median 5 years | -8.47% | -23.83% |
| 10 years average annual | 0.87% | 2.38% |
| Weekly media advert. rent | $450 | $375 |
| Time on Market | 45.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.33% | 7.5% |
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