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Property investors have seen a -0.8% 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 $372,000
Profits averaged -5.06% 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 $300 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 4.19%.
An average of 9.08 real estate transactions take place per month in WESTMINSTER which translates to 109 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $372,000 | $280,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.8% | -0.88% |
| Median 12 month | -3.63% | -14.89% |
| Median 3 years | -15.17% | -19.66% |
| Median 5 years | -9.27% | N/A |
| 10 years average annual | -0.19% | -4.18% |
| Weekly media advert. rent | $300 | $292.5 |
| Time on Market | 108.6 days | 181.2 days |
| Gross Rental Yield Percent | 4.19% | 5.43% |
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