A steady increase in median property prices over a five-year period in the suburb translates to a 40% capital gain.
Property investors in WILLAGEE enjoyed capital gains of 6.52% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $980,000.
Profits due to an upward trend in home prices there averaged 13.33% per annum over a 3-year period.
Home owners selling their properties and realtors in WILLAGEE usually have to wait an average of 18.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $800 mark, reflecting a 4.24% increase in returns based on the current median price in WILLAGEE.
WILLAGEE, 6156 places 442nd in Australia based on median property value growth during the quarter.
Property investors in WILLAGEE enjoyed capital gains of 16.58% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in WILLAGEE are low, as opposed to average gains per annum over the past five years.
WILLAGEE posted a 76.2% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $650 mark, reflecting a 5.22% increase in returns based on the current median price in WILLAGEE.
WILLAGEE, 6156 ranks 84th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
WILLAGEE ranks 93rd on the list of best yielding suburbs for rental properties in WA, posting a 5.22% return.