How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors have seen a 16.67% gain in NORTH FREMANTLE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NORTH FREMANTLE, 6159 saw average growth in the long term.
The WA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,050,000
Profits averaged 3.8% per annum over a 3-year period, due to an upward trend in home prices in NORTH FREMANTLE, 6159.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in NORTH FREMANTLE, 6159 is 3.22%.
An average of 2.42 real estate transactions take place per month in NORTH FREMANTLE which translates to 29 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,050,000 | $782,500 |
| GROWTH REPORT | ||
| Median Quarterly | 16.67% | -0.95% |
| Median 12 month | 4.74% | -17.2% |
| Median 3 years | 11.41% | -2.8% |
| Median 5 years | -12.86% | -5.72% |
| 10 years average annual | 3.47% | 3.57% |
| Weekly media advert. rent | $650 | $540 |
| Time on Market | 61.9 days | 103.0 days |
| Gross Rental Yield Percent | 3.22% | 3.59% |
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