ASCOT, 6104 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 $655,000.
Profits due to an downward trend in home prices in the suburb averaged -4.89% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $400 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 ASCOT, homes and units usually stay on listing for an average of 127.9 days.
In 2016, 27 properties were sold in ASCOT during the past year, making it the 225th most active market in WA based on total real estate transactions.
ASCOT ranks 84th in WA when it comes to estimated capital gains experienced by property investors over the past three years.
ASCOT, 6104 has a capital gain of -3.73% for the past year, which is lower than average compared to its -17.55% growth within a five-year period.
With the median home price in ASCOT sitting at $387,500, and the average rent at $350, property owners could potentially earn a 4.7% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that ASCOT, 6104 obtained a 0.78% growth over a ten-year period. It ranks 1517th on our list of suburbs that property investors should look into.