Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $855,000.
The upward trend in home prices in VIVEASH, 6056 averaged 32.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 4.26% increase in returns based on the current median price in VIVEASH.
An average of 3.17 real estate transactions take place per month in VIVEASH which translates to 38 per annum.
38 properties were sold in VIVEASH in 2016, making it the 203rd most active market in WA based on total real estate transactions.
VIVEASH, 6056 places 432nd in Australia based on median property value growth during the quarter.
The suburb 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 $574,000.
Average median unit prices in WA have risen as a whole, pulling VIVEASH, 6056 values up and netting property investors a capital gain of 3.89% for the past year.
Investors saw the median home price rise to $574,000.
The upward trend in home prices in VIVEASH, 6056 averaged 14.86% per annum over a 3-year period.
VIVEASH now ranks at the 120th 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 VIVEASH are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In VIVEASH, homes and units usually stay on listing for an average of 18.9 days.
12 properties were sold in VIVEASH in 2016, making it the 153rd most active market in WA based on total real estate transactions.