House price surge to cause ‘social and political problems’: ANZ
Rising house prices spurred on by low interest rates are “raising eyebrows” and could create “real social and political problems”, A...
STONEVILLE, 6081 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 $485,500.
Profits due to an downward trend in home prices in the suburb averaged -2.71% per annum over a 3-year period.
STONEVILLE now ranks at the 387th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in STONEVILLE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In STONEVILLE, homes and units usually stay on listing for an average of 77.0 days.
In 2016, 43 properties were sold in STONEVILLE during the past year, making it the 168th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.92% | N/A |
| Median 12 month | -5.27% | N/A |
| Median 3 years | -8.14% | N/A |
| Median 5 years | -4.57% | N/A |
| 10 years average annual | 0.01% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 77.0 days | N/A |
| Gross Rental Yield Percent | 4.28% | N/A |
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