Property investments in YOKINE did not fare well against the rest of the country last year, registering a median home price decrease of -2.31%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains YOKINE, 6060 saw average growth in the long term.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 73.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $635,000.
YOKINE ranks 338th on the list of best yielding suburbs for rental properties in WA, posting a 3.11% return.
Profits due to an downward trend in home prices in YOKINE, 6060 averaged -5.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 4.1% increase in returns based on the current median price in YOKINE.
An average of 6.83 real estate transactions take place per month in YOKINE which translates to 82 per annum.
82 properties were sold in YOKINE during the past year, making it the 4th most active market in WA based on total real estate transactions.
YOKINE, 6060 places 29th in Australia based on median property value growth during the quarter.
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