House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
HERNE HILL, 6056 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling HERNE HILL, 6056 values up and netting property investors a capital gain of 29.8% for the past year.
Investors saw the median home price rise to $980,000.
Profits due to an upward trend in home prices in the suburb averaged 15.42% per annum over a 3-year period.
HERNE HILL now ranks at the 2nd 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 HERNE HILL are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HERNE HILL, homes and units usually stay on listing for an average of 57.4 days.
In 2016, 21 properties were sold in HERNE HILL during the past year, making it the 307th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||29.8%||N/A|
|Median 3 years||46.27%||N/A|
|Median 5 years||145%||N/A|
|10 years average annual||7.6%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||57.4 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|