487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $387,000.
The upward trend in home prices in BERTRAM, 6167 averaged 3.52% per annum over a 3-year period.
Average weekly rents on listings have reached the $405 mark, reflecting a 5.44% increase in returns based on the current median price in BERTRAM.
An average of 11.08 real estate transactions take place per month in BERTRAM which translates to 133 per annum.
133 properties were sold in BERTRAM in 2016, making it the 436th most active market in WA based on total real estate transactions.
BERTRAM, 6167 places 395th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.52%||N/A|
|Median 3 years||10.57%||N/A|
|Median 5 years||-3.25%||N/A|
|10 years average annual||0.7%||N/A|
|Weekly media advert. rent||$405||N/A|
|Time on Market||40.3 days||N/A|
|Gross Rental Yield Percent||5.44%||N/A|