How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Property investors have seen a -3.27% 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 $355,000
Profits averaged -6.44% 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 4.69%.
An average of 7.5 real estate transactions take place per month in WESTMINSTER which translates to 90 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $355,000 | $292,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.27% | 0% |
| Median 12 month | -7.31% | -3.31% |
| Median 3 years | -19.32% | -17.61% |
| Median 5 years | -14.46% | -15.46% |
| 10 years average annual | -0.31% | 3.68% |
| Weekly media advert. rent | $320 | $320 |
| Time on Market | 91.0 days | 120.7 days |
| Gross Rental Yield Percent | 4.69% | 5.69% |
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