MIRRABOOKA, 6061 ranks 745th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.46% for property investors.
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 $763,500.
The upward trend in home prices in MIRRABOOKA, 6061 averaged 28.74% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 4.43% increase in returns based on the current median price in MIRRABOOKA.
An average of 6.17 real estate transactions take place per month in MIRRABOOKA which translates to 74 per annum.
74 properties were sold in MIRRABOOKA in 2016, making it the 73rd most active market in WA based on total real estate transactions.
MIRRABOOKA, 6061 places 166th in Australia based on median property value growth during the quarter.