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...
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 $507,000.
The upward trend in home prices in VIVEASH, 6056 averaged 8.92% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.1% increase in returns based on the current median price in VIVEASH.
An average of 2 real estate transactions take place per month in VIVEASH which translates to 24 per annum.
24 properties were sold in VIVEASH in 2016, making it the 278th most active market in WA based on total real estate transactions.
VIVEASH, 6056 places 100th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25.19%||N/A|
|Median 3 years||26.75%||N/A|
|Median 5 years||-6.11%||N/A|
|10 years average annual||0.58%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||41.6 days||N/A|
|Gross Rental Yield Percent||4.1%||N/A|