How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
Property investors enjoyed capital gains of 2.92% over the last 12 months in SPEARWOOD, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a -0.21% decrease over a ten-year period. It ranks 4373rd on our list of suburbs that property investors should look into.
SPEARWOOD, 6163 has a capital gain of 2.92% for the past year, which is higher than average compared to its -15.38% growth within a five-year period.
With the median home price in SPEARWOOD sitting at $440,000, and the average rent at $360, property owners could potentially earn a 4.25% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SPEARWOOD are high, as opposed to average gains per annum over the past five years.
SPEARWOOD, 6163 in WA belongs to the local government area of Cockburn (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.92%||-8.62%|
|Median 3 years||-2.22%||-27.4%|
|Median 5 years||-15.38%||-31.72%|
|10 years average annual||-0.21%||-0.68%|
|Weekly media advert. rent||$360||$315|
|Time on Market||76.9 days||108.9 days|
|Gross Rental Yield Percent||4.25%||6.18%|