Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
MOUNT HELENA, 6082 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling MOUNT HELENA, 6082 values up and netting property investors a capital gain of 15.46% for the past year.
Investors saw the median home price rise to $560,000.
Profits due to an upward trend in home prices in the suburb averaged 2.22% per annum over a 3-year period.
MOUNT HELENA now ranks at the 39th 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 MOUNT HELENA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $420 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 MOUNT HELENA, homes and units usually stay on listing for an average of 89.8 days.
In 2016, 51 properties were sold in MOUNT HELENA during the past year, making it the 140th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 12.22% | N/A |
| Median 12 month | 15.46% | N/A |
| Median 3 years | 6.67% | N/A |
| Median 5 years | 5.07% | N/A |
| 10 years average annual | 1.2% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 89.8 days | N/A |
| Gross Rental Yield Percent | 3.9% | N/A |
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...
Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...
Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...
Get notifications in real-time for staying up to date with content that matters to you.
