Carey Park

POSTAL CODE: WA, 6230

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The 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 $580,000.

The upward trend in home prices in CAREY PARK, 6230 averaged 31.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $570 mark, reflecting a 5.11% increase in returns based on the current median price in CAREY PARK.

An average of 10.58 real estate transactions take place per month in CAREY PARK which translates to 127 per annum.

127 properties were sold in CAREY PARK in 2016, making it the 465th most active market in WA based on total real estate transactions.

CAREY PARK, 6230 places 118th in Australia based on median property value growth during the quarter.

The 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 $535,000.

Average median unit prices in WA have risen as a whole, pulling CAREY PARK, 6230 values up and netting property investors a capital gain of 18.89% for the past year.

Investors saw the median home price rise to $535,000.

The upward trend in home prices in CAREY PARK, 6230 averaged 23.64% per annum over a 3-year period.

CAREY PARK now ranks at the 106th 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 CAREY PARK are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CAREY PARK, homes and units usually stay on listing for an average of 25.9 days.

16 properties were sold in CAREY PARK in 2016, making it the 119th most active market in WA based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$580,000	$535,000
Growth Report
Median Quarterly	8.41%	2.88%
Median 12 month	20.33%	18.89%
Median 3 years	93.33%	70.93%
Median 5 years	146.81%	132.61%
10 years average annual	8.44%	10.3%
Weekly media advert. rent	$570	$600
Time on Market	33.3 days	25.9 days
Gross Rental Yield Percent	5.11%	5.83%

Demographics (Median Values)*

Total Population 43134

Weekly Household Income 1326

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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