Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 $309,000.
Profits due to an downward trend in home prices there averaged -6.23% per annum over a 3-year period.
Home owners selling their properties and realtors in GOSNELLS usually have to wait an average of 87.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $275 mark, reflecting a 4.63% increase in returns based on the current median price in GOSNELLS.
GOSNELLS, 6110 places 257th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $309,000 | $219,250 |
| GROWTH REPORT | ||
| Median Quarterly | -1.9% | 1.98% |
| Median 12 month | -4.04% | -17.65% |
| Median 3 years | -18.68% | -28.11% |
| Median 5 years | -9.25% | -25.43% |
| 10 years average annual | -0.15% | -2.81% |
| Weekly media advert. rent | $275 | $255 |
| Time on Market | 87.0 days | 177.1 days |
| Gross Rental Yield Percent | 4.63% | 6.05% |
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