Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
SHOALWATER, 6169 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in WA have risen as a whole, pulling SHOALWATER, 6169 values up and netting property investors a capital gain of 10.23% for the past year.
Investors saw the median home price rise to $485,000.
Profits due to an upward trend in home prices in the suburb averaged 5.16% per annum over a 3-year period.
SHOALWATER now ranks at the 336th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SHOALWATER are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SHOALWATER, homes and units usually stay on listing for an average of 37.3 days.
In 2016, 131 properties were sold in SHOALWATER during the past year, making it the 440th most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.23%||57.14%|
|Median 3 years||15.48%||33.78%|
|Median 5 years||3.19%||-0.6%|
|10 years average annual||2.17%||2.08%|
|Weekly media advert. rent||$450||$270|
|Time on Market||37.3 days||49.5 days|
|Gross Rental Yield Percent||4.82%||5.67%|