Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
KENWICK, 6107 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling KENWICK, 6107 values up and netting property investors a capital gain of 16.54% for the past year.
Investors saw the median home price rise to $370,000.
Profits due to an upward trend in home prices in the suburb averaged 5.15% per annum over a 3-year period.
KENWICK now ranks at the 272nd 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 KENWICK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $372.5 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 KENWICK, homes and units usually stay on listing for an average of 37.8 days.
In 2016, 103 properties were sold in KENWICK during the past year, making it the 522nd most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.54%||N/A|
|Median 3 years||15.44%||N/A|
|Median 5 years||2.78%||N/A|
|10 years average annual||1.82%||N/A|
|Weekly media advert. rent||$372.5||N/A|
|Time on Market||37.8 days||N/A|
|Gross Rental Yield Percent||5.24%||N/A|