The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
SALTER POINT, 6152 ranks 867th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.32% 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 $1,202,500.
The upward trend in home prices in SALTER POINT, 6152 averaged 3.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.59% increase in returns based on the current median price in SALTER POINT.
An average of 2.33 real estate transactions take place per month in SALTER POINT which translates to 28 per annum.
28 properties were sold in SALTER POINT in 2016, making it the 221st most active market in WA based on total real estate transactions.
SALTER POINT, 6152 places 97th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,202,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.91% | N/A |
| Median 12 month | 9.32% | N/A |
| Median 3 years | 11.6% | N/A |
| Median 5 years | 5.25% | N/A |
| 10 years average annual | 1.13% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 90.0 days | N/A |
| Gross Rental Yield Percent | 2.59% | N/A |
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