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...
Property investors have seen a -2.63% drop in FORRESTFIELD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FORRESTFIELD, 6058 saw average decrease in the long term.
The WA 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 $370,000
Profits averaged -4.23% per annum over a 3-year period, due to an downward trend in home prices in FORRESTFIELD, 6058.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in FORRESTFIELD, 6058 is 4.92%.
An average of 13.92 real estate transactions take place per month in FORRESTFIELD which translates to 167 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.63% | N/A |
| Median 12 month | -11.38% | N/A |
| Median 3 years | -12.68% | N/A |
| Median 5 years | -18.14% | N/A |
| 10 years average annual | 0.99% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 73.4 days | N/A |
| Gross Rental Yield Percent | 4.92% | N/A |
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