Waroona

WAROONA, 6215 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling WAROONA, 6215 values up and netting property investors a capital gain of 26.42% for the past year.

Investors saw the median home price rise to $585,000.

Profits due to an upward trend in home prices in the suburb averaged 24.02% per annum over a 3-year period.

WAROONA now ranks at the 97th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WAROONA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 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 35.4 days.

In 2016, 81 properties were sold in WAROONA during the past year, making it the 52nd most active market in WA based on total real estate transactions.