Dodgy ‘roof repairing’ conmen exploiting property owners
The Western Australian government has put out a call for WA property owners to watch out for roof repair conmen who are asking payment for w...
Property investors enjoyed capital gains of 25.84% over the last 12 months in MADORA BAY, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MADORA BAY are high, as opposed to average gains per annum over the past five years.
The suburb posted a 1.82% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
On average, rents on listings have reached the $355 mark, reflecting a 3.3% increase in returns based on the current median price in MADORA BAY.
MADORA BAY, 6210 ranks 7th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 351st on the list of best yielding suburbs for rental properties in WA, posting a 3.3% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.66% | N/A |
| Median 12 month | 25.84% | N/A |
| Median 3 years | 1.82% | N/A |
| Median 5 years | 19.4% | N/A |
| 10 years average annual | 1.86% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 113.0 days | N/A |
| Gross Rental Yield Percent | 3.3% | N/A |
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