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1 MIN READMarkets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
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Property investors enjoyed capital gains of 12.36% over the last 12 months in APPLECROSS, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 3.67% growth over a ten-year period. It ranks 2871st on our list of suburbs that property investors should look into.
APPLECROSS, 6153 has a capital gain of 12.36% for the past year, which is higher than average compared to its 38.34% growth within a five-year period.
With the median home price in APPLECROSS sitting at $1,750,000, and the average rent at $850, property owners could potentially earn a 2.53% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in APPLECROSS are high, as opposed to average gains per annum over the past five years.
APPLECROSS, 6153 in WA belongs to the local government area of Melville (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,750,000 | $712,800 |
| GROWTH REPORT | ||
| Median Quarterly | 10.76% | 10.08% |
| Median 12 month | 12.36% | 9.66% |
| Median 3 years | 14.75% | 2.71% |
| Median 5 years | 38.34% | 2.93% |
| 10 years average annual | 3.67% | 2.21% |
| Weekly media advert. rent | $850 | $480 |
| Time on Market | 43.4 days | 58.7 days |
| Gross Rental Yield Percent | 2.53% | 3.5% |
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