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 $470,000.
The downward trend in home prices in ASHBY, 6065 averaged -2.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $395 mark, reflecting a 4.37% increase in returns based on the current median price in ASHBY.
An average of 2.75 real estate transactions take place per month in ASHBY which translates to 33 per annum.
33 properties were sold in ASHBY in 2016, making it the 194th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.08%||N/A|
|Median 3 years||-8.74%||N/A|
|Median 5 years||6.94%||N/A|
|10 years average annual||0.68%||N/A|
|Weekly media advert. rent||$395||N/A|
|Time on Market||80.7 days||N/A|
|Gross Rental Yield Percent||4.37%||N/A|