How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Property investors have seen a -3.35% 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 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 $1,227,500
Profits averaged -0.27% per annum over a 3-year period, due to an downward trend in home prices in SOUTH PERTH, 6151.
This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
The gross rental yield in SOUTH PERTH, 6151 is 2.33%.
An average of 9 real estate transactions take place per month in SOUTH PERTH which translates to 108 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,227,500 | $540,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.35% | -2.26% |
| Median 12 month | 4.47% | -7.38% |
| Median 3 years | -0.81% | -7.14% |
| Median 5 years | 11.59% | -1.82% |
| 10 years average annual | 2.63% | 0.69% |
| Weekly media advert. rent | $550 | $370 |
| Time on Market | 85.7 days | 101.4 days |
| Gross Rental Yield Percent | 2.33% | 3.56% |
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