Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
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 $1,150,000.
The upward trend in home prices in MOUNT LAWLEY, 6050 averaged 8.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.94% increase in returns based on the current median price in MOUNT LAWLEY.
An average of 13.42 real estate transactions take place per month in MOUNT LAWLEY which translates to 161 per annum.
161 properties were sold in MOUNT LAWLEY in 2016, making it the 371st most active market in WA based on total real estate transactions.
MOUNT LAWLEY, 6050 places 399th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.05%||9.18%|
|Median 3 years||24.32%||13.04%|
|Median 5 years||21.44%||-0.61%|
|10 years average annual||3.6%||0.87%|
|Weekly media advert. rent||$650||$375|
|Time on Market||39.5 days||40.9 days|
|Gross Rental Yield Percent||2.94%||4.79%|