Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
HERNE HILL, 6056 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $812,500.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
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 77.6 days.
In 2016, 18 properties were sold in HERNE HILL during the past year, making it the 302nd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $812,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | $460 | N/A |
| Time on Market | 77.6 days | N/A |
| Gross Rental Yield Percent | 2.94% | N/A |
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