Housing costs drop to 10-year low
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Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $447,500.
The downward trend in home prices in KEWDALE, 6105 averaged -3.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.07% increase in returns based on the current median price in KEWDALE.
An average of 7.33 real estate transactions take place per month in KEWDALE which translates to 88 per annum.
88 properties were sold in KEWDALE in 2016, making it the 28th most active market in WA based on total real estate transactions.
KEWDALE, 6105 places 254th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $447,500 | $319,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.86% | 3.74% |
| Median 12 month | -7.73% | -3.33% |
| Median 3 years | -10.32% | -19.65% |
| Median 5 years | -20.3% | -24.05% |
| 10 years average annual | 1.47% | 0.07% |
| Weekly media advert. rent | $350 | $315 |
| Time on Market | 69.4 days | 111.6 days |
| Gross Rental Yield Percent | 4.07% | 5.13% |
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