NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Property investors enjoyed capital gains of 27.59% over the last 12 months in BICTON, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in BICTON are high, as opposed to average gains per annum over the past five years.
The suburb posted a 2.78% 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 2.58% increase in returns based on the current median price in BICTON.
BICTON, 6157 ranks 27th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 397th on the list of best yielding suburbs for rental properties in WA, posting a 2.58% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||27.59%||10.81%|
|Median 3 years||2.78%||-10.87%|
|Median 5 years||20.98%||-14.58%|
|10 years average annual||2.98%||-0.57%|
|Weekly media advert. rent||$550||$350|
|Time on Market||49.8 days||75.8 days|
|Gross Rental Yield Percent||2.58%||4.44%|