$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
Property investors have seen a 0.15% 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 $330,500
Profits averaged -4.46% 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 5.19%.
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 | $330,500 | $249,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.15% | -0.2% |
| Median 12 month | -0.23% | -1.38% |
| Median 3 years | -13.37% | -10.89% |
| Median 5 years | -25.06% | -29.72% |
| 10 years average annual | -1.71% | -5.17% |
| Weekly media advert. rent | $330 | $310 |
| Time on Market | 75.8 days | 77.9 days |
| Gross Rental Yield Percent | 5.19% | 6.46% |
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