487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
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 $1,550,000.
The upward trend in home prices in SALTER POINT, 6152 averaged 16.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.52% increase in returns based on the current median price in SALTER POINT.
An average of 3.08 real estate transactions take place per month in SALTER POINT which translates to 37 per annum.
37 properties were sold in SALTER POINT in 2016, making it the 180th most active market in WA based on total real estate transactions.
SALTER POINT, 6152 places 28th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.25%||N/A|
|Median 3 years||50.49%||N/A|
|Median 5 years||55.78%||N/A|
|10 years average annual||5.56%||N/A|
|Weekly media advert. rent||$750||N/A|
|Time on Market||53.7 days||N/A|
|Gross Rental Yield Percent||2.52%||N/A|