20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $325,000.
The downward trend in home prices in LANGFORD, 6147 averaged -2.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 5.12% increase in returns based on the current median price in LANGFORD.
An average of 5.25 real estate transactions take place per month in LANGFORD which translates to 63 per annum.
63 properties were sold in LANGFORD in 2016, making it the 102nd most active market in WA based on total real estate transactions.
LANGFORD, 6147 places 251st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.84%||N/A|
|Median 3 years||-6.07%||N/A|
|Median 5 years||-24.42%||N/A|
|10 years average annual||-0.28%||N/A|
|Weekly media advert. rent||$320||N/A|
|Time on Market||59.5 days||N/A|
|Gross Rental Yield Percent||5.12%||N/A|