Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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Property investors have seen a 8.73% gain in KARAWARA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KARAWARA, 6152 saw average growth in the long term.
The WA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $610,000
This means, real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
The gross rental yield in KARAWARA, 6152 is 3.11%.
An average of 0.92 real estate transactions take place per month in KARAWARA which translates to 11 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $610,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.73% | N/A |
| Median 12 month | 8.73% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -17.01% | N/A |
| 10 years average annual | 6.15% | N/A |
| Weekly media advert. rent | $365 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.11% | N/A |
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