‘Ludicrous’ costs to investors slammed as regulator cops heat
Recent missteps and decisions by Fair Trading have raised serious questions about the effectiveness of the regulator, according to a real es...
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 $442,250.
Profits due to an downward trend in home prices in the suburb averaged -6.2% per annum over a 3-year period.
COOLBELLUP now ranks at the 144th 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 $305 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 62.9 days.
In 2016, 78 properties were sold in COOLBELLUP during the past year, making it the 37th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $442,250 | $329,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.4% | -1.5% |
| Median 12 month | 0.17% | -8.61% |
| Median 3 years | -18.59% | -13.42% |
| Median 5 years | 5.3% | 3.13% |
| 10 years average annual | 1.8% | 1.07% |
| Weekly media advert. rent | $305 | $280 |
| Time on Market | 62.9 days | 163.8 days |
| Gross Rental Yield Percent | 3.59% | 4.43% |
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