Property investors have seen a -1.88% drop in WESTMINSTER based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WESTMINSTER, 6061 saw average growth 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 $392,500
Profits averaged -3.5% per annum over a 3-year period, due to an downward trend in home prices in WESTMINSTER, 6061.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 4.37%.
An average of 12.92 real estate transactions take place per month in WESTMINSTER which translates to 155 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $392,500 | $329,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.88% | N/A |
| Median 12 month | -9.09% | -4.78% |
| Median 3 years | -10.49% | N/A |
| Median 5 years | 4.25% | 17.92% |
| 10 years average annual | 0.1% | -2.23% |
| Weekly media advert. rent | $330 | $300 |
| Time on Market | 92.4 days | 0.0 days |
| Gross Rental Yield Percent | 4.37% | 4.74% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...