Hot Property: The biggest stories this week
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Property investors enjoyed capital gains of 0.47% over the last 12 months in EAST CANNINGTON, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 1.24% growth over a ten-year period. It ranks 3289th on our list of suburbs that property investors should look into.
EAST CANNINGTON, 6107 has a capital gain of 0.47% for the past year, which is higher than average compared to its -11.79% growth within a five-year period.
With the median home price in EAST CANNINGTON sitting at $430,000, and the average rent at $350, property owners could potentially earn a 4.23% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in EAST CANNINGTON are high, as opposed to average gains per annum over the past five years.
EAST CANNINGTON, 6107 in WA belongs to the local government area of Canning (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | $296,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.38% | 8.62% |
| Median 12 month | 0.47% | -2.95% |
| Median 3 years | -1.15% | -16.62% |
| Median 5 years | -11.79% | -29.36% |
| 10 years average annual | 1.24% | -0.99% |
| Weekly media advert. rent | $350 | $305 |
| Time on Market | 78.9 days | 0.0 days |
| Gross Rental Yield Percent | 4.23% | 5.36% |
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