Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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Property investors have seen a 0% gain in WESTMINSTER based on an increase 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 $330,000
Profits averaged -5.83% 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 7.25 real estate transactions take place per month in WESTMINSTER which translates to 87 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | $245,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.61% |
| Median 12 month | -2.94% | -10.09% |
| Median 3 years | -17.5% | -28.99% |
| Median 5 years | -25.09% | -21.97% |
| 10 years average annual | -1.35% | -4.42% |
| Weekly media advert. rent | $320 | $330 |
| Time on Market | 94.8 days | 99.2 days |
| Gross Rental Yield Percent | 5.04% | 7% |
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