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Property investors have seen a 2.78% gain in MERRIWA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MERRIWA, 6030 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 20.33%.
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 $370,000
Profits averaged 5.82% per annum over a 3-year period, due to an upward trend in home prices in MERRIWA, 6030.
This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
The gross rental yield in MERRIWA, 6030 is 5.55%.
An average of 10.75 real estate transactions take place per month in MERRIWA which translates to 129 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.33%||N/A|
|Median 3 years||17.46%||N/A|
|Median 5 years||5.26%||N/A|
|10 years average annual||1.45%||N/A|
|Weekly media advert. rent||$395||N/A|
|Time on Market||20.3 days||N/A|
|Gross Rental Yield Percent||5.55%||N/A|