Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,020,000.
Average weekly rents on listings have reached the $507.5 mark, reflecting a 2.59% increase in returns based on the current median price in BURSWOOD.
An average of 0.83 real estate transactions take place per month in BURSWOOD which translates to 10 per annum.
10 properties were sold in BURSWOOD in 2016, making it the 471st most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,020,000 | $617,500 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -16.33% |
| Median 12 month | N/A | -19.28% |
| Median 3 years | N/A | -10.51% |
| Median 5 years | 32.04% | -13.64% |
| 10 years average annual | -1.93% | -2.16% |
| Weekly media advert. rent | $507.5 | $480 |
| Time on Market | 0.0 days | 141.0 days |
| Gross Rental Yield Percent | 2.59% | 4.04% |
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