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Myaree
AREA REPORTS

Myaree

Myaree - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6154

house
unit

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.

Data report can be found below

Myaree
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%
demographics (median values)*
Total Population
10028
Weekly Household Income
1721
Household Size
2.50
Age
41
Monthly Loan Repayment
2347
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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