20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Property investors have seen a -1.32% drop in RIDGEWOOD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains RIDGEWOOD, 6030 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 $375,000
Profits averaged 0.45% per annum over a 3-year period, due to an upward trend in home prices in RIDGEWOOD, 6030.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in RIDGEWOOD, 6030 is 4.85%.
An average of 5.5 real estate transactions take place per month in RIDGEWOOD which translates to 66 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.59%||N/A|
|Median 3 years||1.35%||N/A|
|Median 5 years||-11.76%||N/A|
|10 years average annual||-0.58%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||32.4 days||N/A|
|Gross Rental Yield Percent||4.85%||N/A|