NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Homeowners and real estate investors betting on MARTIN, 6110 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 24.4%.
A steady increase in median property prices over a five-year period in the suburb translates to a 16.11% capital gain.
Property investors in MARTIN enjoyed capital gains of 24.4% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $522,500.
Profits due to an upward trend in home prices there averaged 5.37% per annum over a 3-year period.
Home owners selling their properties and realtors in MARTIN usually have to wait an average of 54.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MARTIN.
MARTIN, 6110 places 36th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.4%||N/A|
|Median 3 years||16.11%||N/A|
|Median 5 years||8.29%||N/A|
|10 years average annual||8.18%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||54.3 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|