Property investors enjoyed capital gains of 11.93% over the last 12 months in KWINANA TOWN CENTRE, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in KWINANA TOWN CENTRE are high, as opposed to average gains per annum over the past five years.
The suburb posted a 82.09% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.
On average, rents on listings have reached the $600 mark, reflecting a 5.11% increase in returns based on the current median price in KWINANA TOWN CENTRE.
KWINANA TOWN CENTRE, 6167 ranks 316th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 76th on the list of best yielding suburbs for rental properties in WA, posting a 5.11% return.