Property investors have seen a 2.3% gain in SOUTH PERTH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SOUTH PERTH, 6151 saw average growth in the long term.
the WA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,225,000
Profits averaged 1.42% per annum over a 3-year period, due to an upward trend in home prices in SOUTH PERTH, 6151.
This means, real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
The gross rental yield in SOUTH PERTH, 6151 is 2.02%.
An average of 8.33 real estate transactions take place per month in SOUTH PERTH which translates to 100 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,225,000 | $570,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.3% | 3.64% |
| Median 12 month | 2.51% | 9.62% |
| Median 3 years | 4.26% | -1.21% |
| Median 5 years | 7.46% | 8.57% |
| 10 years average annual | 2.03% | 1.69% |
| Weekly media advert. rent | $475 | $350 |
| Time on Market | 101.3 days | 105.2 days |
| Gross Rental Yield Percent | 2.02% | 3.19% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...