Property investment areas to watch and avoid in 2019
Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...
A 9.38% increase in median property prices in ARDROSS, 6153 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 40th.
A steady increase in median property prices over a five-year period in the suburb translates to a 8.81% capital gain.
It 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 $1,050,000
The augmented property values in the suburb are trailing above the territorial average of -1.79% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.
Home owners selling their properties and realtors in ARDROSS usually have to wait an average of 79.4 days days before their assets are lifted off the market.
The WA suburb ranks 392nd on the list of best yielding suburbs for rental properties in WA, posting a 2.23% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,050,000 | $587,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 9.38% | N/A |
| Median 3 years | 8.81% | N/A |
| Median 5 years | 19.32% | N/A |
| 10 years average annual | 3.23% | N/A |
| Weekly media advert. rent | $450 | $440 |
| Time on Market | 79.4 days | 0.0 days |
| Gross Rental Yield Percent | 2.23% | 3.9% |
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