Affordability and improving rental yields key drawcards in Perth appeal
WA-based property investment consultancy Momentum Wealth has shone a spotlight on why the Perth market is seeing a 40 per cent rise in buyer...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $475,000.
The downward trend in home prices in WOODBRIDGE, 6056 averaged -9.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 3.83% increase in returns based on the current median price in WOODBRIDGE.
An average of 1.58 real estate transactions take place per month in WOODBRIDGE which translates to 19 per annum.
19 properties were sold in WOODBRIDGE in 2016, making it the 297th most active market in WA based on total real estate transactions.
WOODBRIDGE, 6056 places 332nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $475,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5% | N/A |
| Median 12 month | -25.78% | N/A |
| Median 3 years | -27.04% | N/A |
| Median 5 years | -14.41% | N/A |
| 10 years average annual | 0.02% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 153.5 days | N/A |
| Gross Rental Yield Percent | 3.83% | N/A |
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