Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
Property investors have seen a -1.12% 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 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 $330,000
Profits averaged -6.31% 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 $320 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 5.04%.
An average of 6.42 real estate transactions take place per month in WESTMINSTER which translates to 77 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | $254,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.12% | -1.93% |
| Median 12 month | -8.33% | -13.16% |
| Median 3 years | -18.92% | -24.18% |
| Median 5 years | -25% | N/A |
| 10 years average annual | -1.23% | -1.46% |
| Weekly media advert. rent | $320 | $320 |
| Time on Market | 93.1 days | 88.5 days |
| Gross Rental Yield Percent | 5.04% | 6.55% |
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