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...
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 0.36% growth over a ten-year period. It ranks 3695th on our list of suburbs that property investors should look into.
SPEARWOOD, 6163 has a capital gain of -1.05% for the past year, which is lower than average compared to its -2.08% growth within a five-year period.
With the median home price in SPEARWOOD sitting at $470,000, and the average rent at $340, property owners could potentially earn a 3.76% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $470,000 | $320,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.53% | -8.44% |
| Median 12 month | -1.05% | -9.73% |
| Median 3 years | -10.48% | -14.67% |
| Median 5 years | -2.08% | -4.48% |
| 10 years average annual | 0.36% | 14.17% |
| Weekly media advert. rent | $340 | $275 |
| Time on Market | 81.3 days | 163.3 days |
| Gross Rental Yield Percent | 3.76% | 4.47% |
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