Investor activity too low to yield market disruption, expert says
While new data points to a resurrection in the number of investors entering the housing market, the share of investors remains at record-low...
It 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 $258,100
The augmented property values in the suburb are trailing above the territorial average of 3.59% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $300.
Home owners selling their properties and realtors in LOCKRIDGE usually have to wait an average of 58.4 days days before their assets are lifted off the market.
The WA suburb ranks 57th on the list of best yielding suburbs for rental properties in WA, posting a 6.04% return.
It also places places 253rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $258,100 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.59% | N/A |
| Median 12 month | 5.35% | N/A |
| Median 3 years | -17.8% | N/A |
| Median 5 years | -33.48% | N/A |
| 10 years average annual | -2.08% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 58.4 days | N/A |
| Gross Rental Yield Percent | 6.04% | N/A |
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