Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Property investors enjoyed capital gains of 0.54% over the last 12 months in BYFORD, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in BYFORD are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
On average, rents on listings have reached the $360 mark, reflecting a 4.99% increase in returns based on the current median price in BYFORD.
BYFORD, 6122 ranks 259th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 130th on the list of best yielding suburbs for rental properties in WA, posting a 4.99% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $375,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 0.54% | N/A |
| Median 3 years | -6.25% | N/A |
| Median 5 years | -15.45% | N/A |
| 10 years average annual | 0.85% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 66.8 days | N/A |
| Gross Rental Yield Percent | 4.99% | N/A |
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