Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investors enjoyed capital gains of 0.77% over the last 12 months in BATEMAN, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in BATEMAN 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 $440 based on current median home prices for the suburb.
On average, rents on listings have reached the $440 mark, reflecting a 3.17% increase in returns based on the current median price in BATEMAN.
BATEMAN, 6150 ranks 146th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 366th on the list of best yielding suburbs for rental properties in WA, posting a 3.17% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $722,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.62% | N/A |
| Median 12 month | 0.77% | N/A |
| Median 3 years | -8.43% | N/A |
| Median 5 years | -7.07% | N/A |
| 10 years average annual | 2.53% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 46.1 days | N/A |
| Gross Rental Yield Percent | 3.17% | N/A |
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