Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The suburb’s capital gain of 10.42% for the past year is higher than average compared to its 0.89% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in KENSINGTON, the median home price is sitting at $847,500, and the average rent at $530, this suggests property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a 12.25% gain in KENSINGTON based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on KENSINGTON, 6151 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 10.42%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.31% growth over a ten-year period. It ranks 3426th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $847,500 | $515,000 |
| GROWTH REPORT | ||
| Median Quarterly | 12.25% | 5.97% |
| Median 12 month | 10.42% | N/A |
| Median 3 years | -3.14% | 3.21% |
| Median 5 years | 0.89% | -2.6% |
| 10 years average annual | 1.31% | N/A |
| Weekly media advert. rent | $530 | $300 |
| Time on Market | 83.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.25% | 3.03% |
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