Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
The suburb also 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 $650,000.
The downward trend in home prices in JANDAKOT, 6164 averaged -1.7% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.4% increase in returns based on the current median price in JANDAKOT.
An average of 3.08 real estate transactions take place per month in JANDAKOT which translates to 37 per annum.
37 properties were sold in JANDAKOT in 2016, making it the 174th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -8.13% | N/A |
| Median 3 years | -5.11% | N/A |
| Median 5 years | -3.7% | N/A |
| 10 years average annual | -0.12% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 109.6 days | N/A |
| Gross Rental Yield Percent | 4.4% | N/A |
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