Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 $360,000.
The downward trend in home prices in CLARKSON, 6030 averaged -2.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 5.06% increase in returns based on the current median price in CLARKSON.
An average of 19 real estate transactions take place per month in CLARKSON which translates to 228 per annum.
228 properties were sold in CLARKSON in 2016, making it the 265th most active market in WA based on total real estate transactions.
CLARKSON, 6030 places 384th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $360,000 | $262,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.71% | -7.24% |
| Median 12 month | -1.37% | -4.55% |
| Median 3 years | -8.05% | -12.5% |
| Median 5 years | -15.29% | -30.92% |
| 10 years average annual | -0.94% | -4.6% |
| Weekly media advert. rent | $350 | $290 |
| Time on Market | 67.8 days | 125.8 days |
| Gross Rental Yield Percent | 5.06% | 5.74% |
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