Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Property investors enjoyed capital gains of 2.66% over the last 12 months in MOUNT PLEASANT, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT PLEASANT are low, as opposed to average gains per annum over the past five years.
The suburb posted a 17.06% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $585 based on current median home prices for the suburb.
On average, rents on listings have reached the $585 mark, reflecting a 2.52% increase in returns based on the current median price in MOUNT PLEASANT.
MOUNT PLEASANT, 6153 ranks 240th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 405th on the list of best yielding suburbs for rental properties in WA, posting a 2.52% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,207,500 | $835,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.11% | 0.3% |
| Median 12 month | 2.66% | 6.78% |
| Median 3 years | 17.06% | 39.87% |
| Median 5 years | 9.77% | 34.14% |
| 10 years average annual | 1.6% | 6.78% |
| Weekly media advert. rent | $585 | $450 |
| Time on Market | 76.5 days | 79.3 days |
| Gross Rental Yield Percent | 2.52% | 2.8% |
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
Australian first home buyers dominated the market in 2020, increasing their market share by 50.4 per cent in the past year. ...
The rate of workers returning to the office has decelerated nationwide, suggesting there is a long way to go to before Australia’s commerc...
The Victorian and NSW governments have announced new standards for apartment buildings, as both look to create greener buildings for resid...
Australia’s GDP has grown by 3.1 per cent during the December quarter, beating market expectations of a 2.5 per cent increase, official fi...
Get notifications in real-time for staying up to date with content that matters to you.
