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4 MIN READ487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
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East Victoria ParkEast Victoria Park - SUBURB PROFILE REPORT
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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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $685,000.
The upward trend in home prices in EAST VICTORIA PARK, 6101 averaged 4.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $492.5 mark, reflecting a 3.74% increase in returns based on the current median price in EAST VICTORIA PARK.
An average of 17.58 real estate transactions take place per month in EAST VICTORIA PARK which translates to 211 per annum.
211 properties were sold in EAST VICTORIA PARK in 2016, making it the 299th most active market in WA based on total real estate transactions.
EAST VICTORIA PARK, 6101 places 358th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,000 | $422,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.26% | 0.48% |
| Median 12 month | 12.48% | -0.12% |
| Median 3 years | 13.69% | 2.93% |
| Median 5 years | 8.73% | 5.5% |
| 10 years average annual | 2.49% | 0.44% |
| Weekly media advert. rent | $492.5 | $390 |
| Time on Market | 40.0 days | 35.5 days |
| Gross Rental Yield Percent | 3.74% | 4.81% |
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