Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 $302,500
The augmented property values in the suburb are trailing behind the territorial average of -1.79% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $280.
Home owners selling their properties and realtors in LOCKRIDGE usually have to wait an average of 96.9 days days before their assets are lifted off the market.
The WA suburb ranks 112th on the list of best yielding suburbs for rental properties in WA, posting a 4.81% return.
It also places places 120th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $302,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.83% | N/A |
| Median 12 month | -8.33% | N/A |
| Median 3 years | -23.42% | N/A |
| Median 5 years | -12.32% | N/A |
| 10 years average annual | -0.15% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 96.9 days | N/A |
| Gross Rental Yield Percent | 4.81% | N/A |
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...
One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...
Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...
Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...