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 $352,500.
The downward trend in home prices in LANGFORD, 6147 averaged -6.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $295 mark, reflecting a 4.35% increase in returns based on the current median price in LANGFORD.
An average of 5.33 real estate transactions take place per month in LANGFORD which translates to 64 per annum.
64 properties were sold in LANGFORD in 2016, making it the 83rd most active market in WA based on total real estate transactions.
LANGFORD, 6147 places 165th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-14.02%||N/A|
|Median 3 years||-18.97%||N/A|
|Median 5 years||7.63%||N/A|
|10 years average annual||0.96%||N/A|
|Weekly media advert. rent||$295||N/A|
|Time on Market||76.3 days||N/A|
|Gross Rental Yield Percent||4.35%||N/A|