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 $950,000.
The downward trend in home prices in MOUNT LAWLEY, 6050 averaged -4.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.01% increase in returns based on the current median price in MOUNT LAWLEY.
An average of 9.75 real estate transactions take place per month in MOUNT LAWLEY which translates to 117 per annum.
117 properties were sold in MOUNT LAWLEY in 2016, making it the 402nd most active market in WA based on total real estate transactions.
MOUNT LAWLEY, 6050 places 109th in Australia based on median property value growth during the quarter.
The 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 $388,250.
Investors saw the median home price rise to $388,250.
The downward trend in home prices in MOUNT LAWLEY, 6050 averaged -4.15% per annum over a 3-year period.
MOUNT LAWLEY now ranks at the 83rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT LAWLEY are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MOUNT LAWLEY, homes and units usually stay on listing for an average of 75.9 days.
110 properties were sold in MOUNT LAWLEY in 2016, making it the 111th most active market in WA based on total real estate transactions.
Mould is almost always the tenants...
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