Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
Property investors enjoyed capital gains of 3.35% 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 low, as opposed to average gains per annum over the past five years.
The suburb posted a 11.34% 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 $455 based on current median home prices for the suburb.
On average, rents on listings have reached the $455 mark, reflecting a 4.38% increase in returns based on the current median price in MADORA BAY.
MADORA BAY, 6210 ranks 461st in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 230th on the list of best yielding suburbs for rental properties in WA, posting a 4.38% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.35%||N/A|
|Median 3 years||11.34%||N/A|
|Median 5 years||12.62%||N/A|
|10 years average annual||3.63%||N/A|
|Weekly media advert. rent||$455||N/A|
|Time on Market||47.7 days||N/A|
|Gross Rental Yield Percent||4.38%||N/A|