Property market update: Perth, November 2018
The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...
Property investors have seen a -2.14% drop in PRESTON BEACH based on a decrease in median home prices for the past three months.
The WA suburb 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 $275,000
Profits averaged -9.21% per annum over a 3-year period, due to an downward trend in home prices in PRESTON BEACH, 6215.
This means, real estate investors could earn a rental income of $285 based on current median home prices for the suburb.
The gross rental yield in PRESTON BEACH, 6215 is 5.39%.
An average of 1.58 real estate transactions take place per month in PRESTON BEACH which translates to 19 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $275,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.14% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | -27.63% | N/A |
| Median 5 years | -13.39% | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | $285 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.39% | N/A |
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