$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
SALTER POINT, 6152 ranks 362nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.69% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,140,000.
The downward trend in home prices in SALTER POINT, 6152 averaged -0.29% per annum over a 3-year period.
Average weekly rents on listings have reached the $587.5 mark, reflecting a 2.68% increase in returns based on the current median price in SALTER POINT.
An average of 2.5 real estate transactions take place per month in SALTER POINT which translates to 30 per annum.
30 properties were sold in SALTER POINT in 2016, making it the 220th most active market in WA based on total real estate transactions.
SALTER POINT, 6152 places 6th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,140,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 22.91% | N/A |
| Median 12 month | 19.69% | N/A |
| Median 3 years | -0.87% | N/A |
| Median 5 years | 0.66% | N/A |
| 10 years average annual | 2.31% | N/A |
| Weekly media advert. rent | $587.5 | N/A |
| Time on Market | 57.4 days | N/A |
| Gross Rental Yield Percent | 2.68% | N/A |
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