Perth sales strongest in 5 years
New data from the Real Estate Institute of Western Australia has revealed that June saw the biggest month of sales in Perth since 2015. ...
Property investors have seen a -3.33% 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 -1.77% 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 $600 based on current median home prices for the suburb.
The gross rental yield in SOUTH PERTH, 6151 is 2.69%.
An average of 6.33 real estate transactions take place per month in SOUTH PERTH which translates to 76 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,160,000 | $550,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.33% | -1.79% |
| Median 12 month | 2.65% | -0.45% |
| Median 3 years | -5.31% | -1.61% |
| Median 5 years | -3.33% | -14.06% |
| 10 years average annual | 1.59% | 0.74% |
| Weekly media advert. rent | $600 | $375 |
| Time on Market | 76.2 days | 108.6 days |
| Gross Rental Yield Percent | 2.69% | 3.55% |
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