‘It’s a terrific time to be investing in commercial property’: Ray White
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Property investors have seen a -4.33% drop in SOUTH PERTH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SOUTH PERTH, 6151 saw average decrease 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 $1,160,000
Profits averaged 0.81% 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 $580 based on current median home prices for the suburb.
The gross rental yield in SOUTH PERTH, 6151 is 2.6%.
An average of 6.83 real estate transactions take place per month in SOUTH PERTH which translates to 82 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,160,000 | $560,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.33% | -0.8% |
| Median 12 month | -5.69% | 1.36% |
| Median 3 years | 2.43% | 0% |
| Median 5 years | -0.43% | -11.46% |
| 10 years average annual | 2.41% | 1.33% |
| Weekly media advert. rent | $580 | $370 |
| Time on Market | 71.6 days | 108.7 days |
| Gross Rental Yield Percent | 2.6% | 3.44% |
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