Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Figures from the previous quarter show that capital gains for real estate buyers in MYAREE are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
On average, rents on listings have reached the $450 mark, reflecting a 3.52% increase in returns based on the current median price in MYAREE.
MYAREE, 6154 ranks 263rd in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 298th on the list of best yielding suburbs for rental properties in WA, posting a 3.52% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $664,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.78% | N/A |
| Median 12 month | -5.07% | N/A |
| Median 3 years | -11.99% | N/A |
| Median 5 years | -0.45% | N/A |
| 10 years average annual | 1.67% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 54.7 days | N/A |
| Gross Rental Yield Percent | 3.52% | N/A |
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