House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
On average, rents on listings have reached the $420 mark, reflecting a 3.9% increase in returns based on the current median price in NORTH LAKE.
NORTH LAKE, 6163 ranks 358th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 244th on the list of best yielding suburbs for rental properties in WA, posting a 3.9% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -11.11% | N/A |
| Median 3 years | -26.32% | N/A |
| Median 5 years | -21.68% | N/A |
| 10 years average annual | 0.52% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 111.7 days | N/A |
| Gross Rental Yield Percent | 3.9% | N/A |
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