REDBANK PLAINS 
2 MIN READThe Infrastructure Class That Will Add Most Value To Your Community
Infrastructure is an important aspect of every strong community, yet the most influential type of infrastructure may sur...
Read More
MyareeMyaree - SUBURB PROFILE REPORT
SHARE 
Property investors enjoyed capital gains of 20.7% over the last 12 months in MYAREE, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MYAREE are high, as opposed to average gains per annum over the past five years.
The suburb posted a 14.49% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.67% increase in returns based on the current median price in MYAREE.
MYAREE, 6154 ranks 123rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 309th on the list of best yielding suburbs for rental properties in WA, posting a 3.67% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $778,500 | $422,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.04% | 1.2% |
| Median 12 month | 20.7% | N/A |
| Median 3 years | 14.49% | 7.64% |
| Median 5 years | 11.21% | 9.88% |
| 10 years average annual | 3.93% | 0.42% |
| Weekly media advert. rent | $550 | $487.5 |
| Time on Market | 24.2 days | 32.0 days |
| Gross Rental Yield Percent | 3.67% | 6% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
