Property investors have seen a -0.39% drop in BASSENDEAN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BASSENDEAN, 6054 saw average growth 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 $505,000
Profits averaged -1.6% per annum over a 3-year period, due to an downward trend in home prices in BASSENDEAN, 6054.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in BASSENDEAN, 6054 is 3.71%.
An average of 14 real estate transactions take place per month in BASSENDEAN which translates to 168 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $505,000 | $340,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.39% | 2.1% |
| Median 12 month | -1.94% | 3.5% |
| Median 3 years | -4.81% | -14.66% |
| Median 5 years | 12.22% | -1.3% |
| 10 years average annual | 2% | 1.02% |
| Weekly media advert. rent | $360 | $320 |
| Time on Market | 77.7 days | 86.4 days |
| Gross Rental Yield Percent | 3.71% | 4.89% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...