COOLBELLUP, 6163 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 $443,500.
Profits due to an downward trend in home prices in the suburb averaged -5.49% per annum over a 3-year period.
COOLBELLUP now ranks at the 148th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COOLBELLUP are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $310 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOLBELLUP, homes and units usually stay on listing for an average of 87.4 days.
In 2016, 72 properties were sold in COOLBELLUP during the past year, making it the 62nd most active market in WA based on total real estate transactions.
With the median home price in COOLBELLUP sitting at $353,000, and the average rent at $280, property owners could potentially earn a 4.12% increase in gross rental yield.
Property investors have seen a -1.4% drop in COOLBELLUP based on a decrease in median home prices for the past three months.
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