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 $332,500
The augmented property values in the suburb are trailing behind the territorial average of -1.88% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $280.
Home owners selling their properties and realtors in GIRRAWHEEN usually have to wait an average of 89.8 days days before their assets are lifted off the market.
The WA suburb ranks 161st on the list of best yielding suburbs for rental properties in WA, posting a 4.38% return.
It also places places 315th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that GIRRAWHEEN, 6064 obtained a -2.15% decrease over a ten-year period. It ranks 1653rd on our list of suburbs that property investors should look into.
GIRRAWHEEN, 6064 has a capital gain of -23.08% for the past year, which is lower than average compared to its -22.12% growth within a five-year period.
With the median home price in GIRRAWHEEN sitting at $220,000, and the average rent at $250, property owners could potentially earn a 5.91% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GIRRAWHEEN are low, as opposed to average gains per annum over the past five years.
GIRRAWHEEN, 6064 in WA belongs to the local government area of Wanneroo.