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1 MIN READ20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
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MarangarooMarangaroo - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $410,000.
The downward trend in home prices in MARANGAROO, 6064 averaged -0.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $377.5 mark, reflecting a 4.79% increase in returns based on the current median price in MARANGAROO.
An average of 8.83 real estate transactions take place per month in MARANGAROO which translates to 106 per annum.
106 properties were sold in MARANGAROO in 2016, making it the 411th most active market in WA based on total real estate transactions.
MARANGAROO, 6064 places 58th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.33% | N/A |
| Median 12 month | 8.61% | N/A |
| Median 3 years | -1.68% | N/A |
| Median 5 years | -9.89% | N/A |
| 10 years average annual | 0.24% | N/A |
| Weekly media advert. rent | $377.5 | N/A |
| Time on Market | 35.8 days | N/A |
| Gross Rental Yield Percent | 4.79% | N/A |
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