‘Stable’ population growth to bolster building activity
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $827,500.
The downward trend in home prices in BURSWOOD, 6100 averaged -7.79% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.14% increase in returns based on the current median price in BURSWOOD.
An average of 1.17 real estate transactions take place per month in BURSWOOD which translates to 14 per annum.
14 properties were sold in BURSWOOD in 2016, making it the 372nd most active market in WA based on total real estate transactions.
BURSWOOD, 6100 places 399th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $827,500 | $677,500 |
| GROWTH REPORT | ||
| Median Quarterly | -23.38% | 0.74% |
| Median 12 month | 30.83% | -3.21% |
| Median 3 years | -23.38% | -3.21% |
| Median 5 years | 11.82% | -2.76% |
| 10 years average annual | 2.27% | -1.89% |
| Weekly media advert. rent | $500 | $450 |
| Time on Market | 55.0 days | 99.8 days |
| Gross Rental Yield Percent | 3.14% | 3.45% |
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