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 $910,000.
The downward trend in home prices in MOUNT LAWLEY, 6050 averaged -5.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 2.86% increase in returns based on the current median price in MOUNT LAWLEY.
An average of 10.5 real estate transactions take place per month in MOUNT LAWLEY which translates to 126 per annum.
126 properties were sold in MOUNT LAWLEY in 2016, making it the 372nd most active market in WA based on total real estate transactions.
MOUNT LAWLEY, 6050 places 251st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.21%||0.73%|
|Median 3 years||-17.08%||-7.19%|
|Median 5 years||0%||5.9%|
|10 years average annual||1.38%||1.83%|
|Weekly media advert. rent||$500||$300|
|Time on Market||77.7 days||103.2 days|
|Gross Rental Yield Percent||2.86%||3.78%|