Property investors have seen a -2.16% drop in MERRIWA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MERRIWA, 6030 saw average growth 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 $340,000
Profits averaged -3.97% per annum over a 3-year period, due to an downward trend in home prices in MERRIWA, 6030.
This means, real estate investors could earn a rental income of $305 based on current median home prices for the suburb.
The gross rental yield in MERRIWA, 6030 is 4.66%.
An average of 6.08 real estate transactions take place per month in MERRIWA which translates to 73 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.23%||N/A|
|Median 3 years||-11.92%||N/A|
|Median 5 years||1.34%||N/A|
|10 years average annual||-0.45%||N/A|
|Weekly media advert. rent||$305||N/A|
|Time on Market||111.4 days||N/A|
|Gross Rental Yield Percent||4.66%||N/A|