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 $260,000.
The downward trend in home prices in CAREY PARK, 6230 averaged -1.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $275 mark, reflecting a 5.5% increase in returns based on the current median price in CAREY PARK.
An average of 4 real estate transactions take place per month in CAREY PARK which translates to 48 per annum.
48 properties were sold in CAREY PARK in 2016, making it the 132nd most active market in WA based on total real estate transactions.
CAREY PARK, 6230 places 116th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-7.13%||N/A|
|Median 3 years||-3.7%||N/A|
|Median 5 years||2.97%||N/A|
|10 years average annual||-1.15%||N/A|
|Weekly media advert. rent||$275||N/A|
|Time on Market||126.3 days||N/A|
|Gross Rental Yield Percent||5.5%||N/A|