SAINT JAMES, 6102 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 $537,500.
Profits due to an downward trend in home prices in the suburb averaged -1.9% per annum over a 3-year period.
SAINT JAMES now ranks at the 251st 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 SAINT JAMES 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 $325 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 SAINT JAMES, homes and units usually stay on listing for an average of 91.1 days.
In 2016, 79 properties were sold in SAINT JAMES during the past year, making it the 47th most active market in WA based on total real estate transactions.
SAINT JAMES ranks 51st in WA when it comes to estimated capital gains experienced by property investors over the past three years.
SAINT JAMES, 6102 has a capital gain of -13.78% for the past year, which is lower than average compared to its -3.43% growth within a five-year period.
With the median home price in SAINT JAMES sitting at $338,000, and the average rent at $297.5, property owners could potentially earn a 4.58% increase in gross rental yield.
Property investors have seen a -4.79% drop in SAINT JAMES based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that SAINT JAMES, 6102 obtained a 0.7% growth over a ten-year period. It ranks 1575th on our list of suburbs that property investors should look into.