Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
The suburb’s capital gain of 12.2% for the past year is higher than average compared to its -25.81% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $230,000, and the average rent at $270, this suggests property owners could potentially earn a 6.1% increase in gross rental yield.
Property investors have seen a 8.49% gain in ARMADALE based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on ARMADALE, 6112 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 12.2%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a -1.75% decrease over a ten-year period. It ranks 4121st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.2%||10%|
|Median 3 years||-8.82%||-36.54%|
|Median 5 years||-25.81%||-44.82%|
|10 years average annual||-1.75%||-3.21%|
|Weekly media advert. rent||$270||$250|
|Time on Market||55.0 days||65.2 days|
|Gross Rental Yield Percent||6.1%||7.88%|