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 $590,000
The augmented property values in the suburb are trailing above the territorial average of -2.2% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $390.
Home owners selling their properties and realtors in KALAMUNDA usually have to wait an average of 85.1 days days before their assets are lifted off the market.
The WA suburb ranks 298th on the list of best yielding suburbs for rental properties in WA, posting a 3.44% return.
It also places places 81st in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 12.57% over the last 12 months in KALAMUNDA, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that KALAMUNDA, 6076 obtained a -4.09% decrease over a ten-year period. It ranks 1638th on our list of suburbs that property investors should look into.
KALAMUNDA, 6076 has a capital gain of 12.57% for the past year, which is higher than average compared to its -9.9% growth within a five-year period.
With the median home price in KALAMUNDA sitting at $430,000, and the average rent at $280, property owners could potentially earn a 3.39% increase in gross rental yield.
A 12.57% increase in median property prices in KALAMUNDA, 6076 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 5th.
Figures from the previous quarter show that capital gains for real estate buyers in KALAMUNDA are high, as opposed to average gains per annum over the past five years.
KALAMUNDA, 6076 in WA belongs to the local government area of Kalamunda.