Property market update: Sydney, March 2020
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
Subscribe to our newsletter
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $240,000
The augmented property values in the suburb are trailing behind the territorial average of -1.6% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $270.
Home owners selling their properties and realtors in MANDURAH usually have to wait an average of 107.5 days days before their assets are lifted off the market.
The WA suburb ranks 73rd on the list of best yielding suburbs for rental properties in WA, posting a 5.85% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $240,000 | $260,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 12.8% |
| Median 12 month | -9.26% | 0.58% |
| Median 3 years | -20% | -13.33% |
| Median 5 years | -28.36% | -26.76% |
| 10 years average annual | -2.19% | -3.06% |
| Weekly media advert. rent | $270 | $270 |
| Time on Market | 107.5 days | 108.0 days |
| Gross Rental Yield Percent | 5.85% | 5.4% |
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
New research has highlighted how the nation’s rural markets are performing amid the coronavirus pandemic. ...
The market fallout of the banning of on-site auctions has continued, with 45 per cent of auctions withdrawn from sale last week, according t...
Wondering how your tenant might request a change to their rental agreement? Or what kind of information such correspondence should contain? ...
The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for April following a rare out of cycle cash rate r...
Prime Minister Scott Morrison has revealed that the national cabinet has reached agreement on a mandatory code for the provision of rent rel...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
