487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
A 24.04% increase in median property prices in LOCKRIDGE, 6054 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 86th.
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 $322,500
The augmented property values in the suburb are trailing above the territorial average of 14.43% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $360.
Home owners selling their properties and realtors in LOCKRIDGE usually have to wait an average of 28.7 days days before their assets are lifted off the market.
The WA suburb ranks 66th on the list of best yielding suburbs for rental properties in WA, posting a 5.8% return.
It also places places 281st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.04%||N/A|
|Median 3 years||10.07%||N/A|
|Median 5 years||-7.86%||N/A|
|10 years average annual||1.11%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||28.7 days||N/A|
|Gross Rental Yield Percent||5.8%||N/A|