‘Budget Needs To Target Housing Choice And Affordability In Regions’
While the upcoming federal budget is expected to focus on job creation, experts believe an opportunity exists for a “p...
It 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 $304,000
The augmented property values in the suburb are trailing above the territorial average of 5.02% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $300.
Home owners selling their properties and realtors in GIRRAWHEEN usually have to wait an average of 70.1 days days before their assets are lifted off the market.
The WA suburb ranks 115th on the list of best yielding suburbs for rental properties in WA, posting a 5.13% return.
It also places places 116th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.75%||14.13%|
|Median 3 years||-11.88%||-5.5%|
|Median 5 years||-25.85%||-23.79%|
|10 years average annual||-0.61%||-2%|
|Weekly media advert. rent||$300||$260|
|Time on Market||70.1 days||61.1 days|
|Gross Rental Yield Percent||5.13%||5.72%|