WAROONA, 6215 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 $315,000.
Profits due to an upward trend in home prices in the suburb averaged 0.54% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $280 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WAROONA, homes and units usually stay on listing for an average of 145.9 days.
In 2016, 32 properties were sold in WAROONA during the past year, making it the 201st most active market in WA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.35%||N/A|
|Median 3 years||1.61%||N/A|
|Median 5 years||3.28%||N/A|
|10 years average annual||-0.9%||N/A|
|Weekly media advert. rent||$280||N/A|
|Time on Market||145.9 days||N/A|
|Gross Rental Yield Percent||4.62%||N/A|