Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
COOLBINIA, 6050 ranks 682nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 34.53% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,587,500.
The upward trend in home prices in COOLBINIA, 6050 averaged 10.76% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.13% increase in returns based on the current median price in COOLBINIA.
An average of 1.83 real estate transactions take place per month in COOLBINIA which translates to 22 per annum.
22 properties were sold in COOLBINIA in 2016, making it the 294th most active market in WA based on total real estate transactions.
COOLBINIA, 6050 places 16th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.53%||N/A|
|Median 3 years||32.29%||N/A|
|Median 5 years||80.4%||N/A|
|10 years average annual||6.35%||N/A|
|Weekly media advert. rent||$650||N/A|
|Time on Market||20.5 days||N/A|
|Gross Rental Yield Percent||2.13%||N/A|