PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Subscribe to our newsletter
Property investors enjoyed capital gains of 2.94% over the last 12 months in WAIKIKI, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in WAIKIKI are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 4.75% increase in returns based on the current median price in WAIKIKI.
WAIKIKI, 6169 ranks 105th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 188th on the list of best yielding suburbs for rental properties in WA, posting a 4.75% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.14% | N/A |
| Median 12 month | 2.94% | N/A |
| Median 3 years | -7.28% | N/A |
| Median 5 years | -12.88% | N/A |
| 10 years average annual | 0.09% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 85.9 days | N/A |
| Gross Rental Yield Percent | 4.75% | N/A |
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
The Australian Housing and Urban Research Institute (AHURI) is undertaking several priority research projects which aim to help governments ...
With the end of financial year approaching, coupled with the current climate, two experts have shed light on the value of investors having g...
A local professional has highlighted four key trends likely to impact Australia’s real estate industry. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
